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Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars). Cash $ 29.7 Accounts
Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars).
Cash | $ 29.7 | |
---|---|---|
Accounts receivable | 20.9 | |
Inventory | 26.4 | |
Other current assets | 34.3 | |
Total current assets | $111.3 | |
Total current liabilities | $210.0 |
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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