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Please answer problem #4, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you. Suppose these selected condensed data are taken from recent balance sheets of
Please answer problem #4, SHOWING ALL WORK ACCORDINGLY ON ALL PARTS. Thank you. Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2022 2021 Cash $12,200 $10,600 Accounts receivable 22,200 20,200 Inventory 30,600 30,700 Other current assets 12,200 11,909 Total current assets $77,200 $73,409 Total current liabilities $239,000 $330,100 Compute the current ratio for each year. (Round answers to 2 decimal places, eg. 2.12.) 2022 2021 Current ratio: :1 :1
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