Question
These selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars). Cash $31.5 Accounts receivable 20.7
These selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars). Cash $31.5 Accounts receivable 20.7 Inventory 27.7 Other current assets 26.7 Total current assets $106,6 Total current liabilities $205.0 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 eg.-15.2 or in parentheses eg. (15.2). Round current ratio to 2 decimal places, eg. 0.78:1.) Working capital $ Current ratio million :1
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