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Compute working capital and the current ratio. (Er

Compute working capital and the current ratio. (Er

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Suppose the selected condensed data is taken from a recent balance sheet of Bob Evans Farms (in millions of dollars). Cash Accounts receivable Inventory Other current assets Total current assets Total current liabilities Working capital Current ratio $34.2 $ 22.7 30.9 Compute working capital and the current ratio. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round Working Capital to 1 decimal place, e.g. 10.8 and Current Ratio to 2 decimal places, e.g. 0.78:1) 26.2 $114.0 $200.0 million :1
Transcribed Image Text:Suppose the selected condensed data is taken from a recent balance sheet of Bob Evans Farms (in millions of dollars). Cash Accounts receivable Inventory Other current assets Total current assets Total current liabilities Working capital Current ratio $34.2 $ 22.7 30.9 Compute working capital and the current ratio. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Round Working Capital to 1 decimal place, e.g. 10.8 and Current Ratio to 2 decimal places, e.g. 0.78:1) 26.2 $114.0 $200.0 million :1
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