Question
Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars). Cash $32.0 Accounts receivable
Suppose the following selected condensed data are taken from a recent balance sheet ofBob Evans Farms(in millions of dollars).
Cash $32.0
Accounts receivable 19.8
Inventory 26.6
Other current assets 25.6
Total current assets$104.0
Total current liabilities $200.0
Compute working capital and the current ratio.(For working capital, enter answer in millions. If answer is negative enter it with a negative sign preceding the number e.g. -15.2 or in parentheses e.g. (15.2). Round current ratio to 2 decimal places, e.g. 0.78 : 1.)
Working capital
(enter working capital in millions of dollars)
$______
Current ratio
(enter a current ratio rounded to 2 decimal places)
______:1
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