These selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions
Question:
These selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars).
Cash ............. $ 29.3
Accounts receivable .......... 20.5
Inventory ............ 28.7
Other current assets ............ 24.0
Total current assets ..... $102.5
Total current liabilities ..... $201.2
Compute working capital and the current ratio.
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Related Book For 
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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