Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms
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Question:
Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars).
Cash | $ 31.5 | |
Accounts receivable | 20.5 | |
Inventory | 27.9 | |
Other current assets | 24.0 | |
Total current assets | $103.9 | |
Total current liabilities | $207.8 |
Compute working capital and the current ratio. (If answer is negative enter it with a negative sign preceding the number e.g. -15,000 or in parentheses e.g. (15,000). Round Current Ratio to 2 decimal places, e.g. 0.78 : 1.)
Working capital | $enter Working capital in dollars | ||
Current ratio | enter current ratio rounded to 2 decimal places | :1 |
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