Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). Cash Accounts receivable (net) Inventory Other current assets Total current assets Total current liabilities 2022 Current ratio $13,032 23,932 32,890 12,610 $82,464 $257,700 2022 2021 $8,428 19,511 35,013 :1 11,898 $74,850 (a1) Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 0.15.) $299,400 2021 :1

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands).
Cash
Accounts receivable (net)
Inventory
Other current assets
Total current assets
Total current liabilities
2022
Current ratio
$13,032
23,932
32,890
12,610
$82,464
$257,700
2022
2021
$8,428
19,511
:1
35,013
11,898
$74,850
(a1) Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 0.15.)
$299,400
2021
:1
Transcribed Image Text:Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). Cash Accounts receivable (net) Inventory Other current assets Total current assets Total current liabilities 2022 Current ratio $13,032 23,932 32,890 12,610 $82,464 $257,700 2022 2021 $8,428 19,511 :1 35,013 11,898 $74,850 (a1) Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 0.15.) $299,400 2021 :1
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