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Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2022 2021 Cash $13,400 $9,900 Accounts receivable 24,000
Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands).
2022 | 2021 | |||
---|---|---|---|---|
Cash | $13,400 | $9,900 | ||
Accounts receivable | 24,000 | 19,800 | ||
Inventory | 30,800 | 30,700 | ||
Other current assets | 11,800 | 11,909 | ||
Total current assets | $80,000 | $72,309 | ||
Total current liabilities | $262,500 | $301,600 |
Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 2.12.)
Current Ratio 2022 =
Current Ratio 2021 =
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