Suppose these selected condensed data are taken from recent balance sheets of LO15 Bob Evans Farms (in

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Suppose these selected condensed data are taken from recent balance sheets of LO15 Bob Evans Farms (in thousands).

2017 2016 Cash $ 13,606 $ 7,669 Accounts receivable 23,045 19,951 Inventory 31,087 31,345 Other current assets 12,522 11,909 Total current assets $ 80,260 $ 70,874 Total current liabilities $245,805 $326,203 Compute the current ratio for each year and comment on your results.

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Financial Accounting

ISBN: 9781118953907

8th Edition

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

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