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Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). Cash Accounts receivable Inventory Other current assets Total
Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). Cash Accounts receivable Inventory Other current assets Total current assets Total current liabilities 2022 Current ratio $12,250 22,500 31,800 12,500 $79,050 $255,000 2021 2022 $9,493 20,400 30,600 11,909 $72,402 Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 2.12.) $329,100 2021
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