Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands).
Question:
Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands).
____________ ________________ _2019 2018
Cash………………………………........……..$ 13,606………...$7,669
Accounts receivable……………………….23,045………...19,951
Inventory……………………………........……..31,087………..31,345
Other current assets…………………..……..12,522………..11,909
Total current assets……………………....…$ 80,260……...$ 70,874
Total current liabilities…………………..$245,805……...$326,203
Compute the current ratio for each year and comment on your results.
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Related Book For
Financial Accounting
ISBN: 978-1119305736
10th edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel
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