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

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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.

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Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Question Posted: Sep 21, 2011 01:57 PM

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

Question:

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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