Question: These selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). Compute the current ratio for each year and comment

These selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands).

Compute the current ratio for each year and comment on your results.

2009 2008 $ 13,606 23,045 31,087 12,522 $ 7,669 Cash Accounts receivable 19,951 Inventories 31,345 Other current assets 11,909 $ 80,260 $ 70,874 Total current assets Total current liabilities $245,805 $326,203

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