Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2022 2021 Cash $13,900 $9,900 Accounts receivable 23,300 19,900 Inventory 31,400 30,800 Other current assets 12,500 11,909 Total current assets $81,100 $72,509 Total current liabilities $252,500 $311,100 Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 2.12.) 2022 2021 Current ratio: enter the current ratio for year 2017 rounded to 2 demical places :1 enter the current ratio for year 2016 rounded to 2 demical places
Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2022 2021 Cash $13,900 $9,900 Accounts receivable 23,300 19,900 Inventory 31,400 30,800 Other current assets 12,500 11,909 Total current assets $81,100 $72,509 Total current liabilities $252,500 $311,100 Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 2.12.) 2022 2021 Current ratio: enter the current ratio for year 2017 rounded to 2 demical places :1 enter the current ratio for year 2016 rounded to 2 demical places
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands).
Compute thecurrent ratio for each year. (Round answers to 2 decimal places, e.g. 2.12.)
|
2022
|
2021
|
|||
|---|---|---|---|---|
|
Cash
|
$13,900
|
$9,900
|
||
|
Accounts receivable
|
23,300
|
19,900
|
||
|
Inventory
|
31,400
|
30,800
|
||
|
Other current assets
|
12,500
|
11,909
|
||
|
Total current assets
|
$81,100
|
$72,509
|
||
|
Total current liabilities
|
$252,500
|
$311,100
|
Compute the
|
2022
|
2021
|
|||||
|---|---|---|---|---|---|---|
|
Current ratio:
|
enter the current ratio for year 2017 rounded to 2 demical places
|
:1 |
enter the current ratio for year 2016 rounded to 2 demical places
|
:1 |
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