The selected condensed data are taken from recent balance sheet of Bob Evens farms: Cash Marketable securities Accounts receivable Inventories Other current assets $8,241,000 1,947,000 12,545,000 14,814,000 5,371,000 Total current assets Total current liabilities Calculate (a) the working capital and (b) the current ratio for Bob Evans Farms. $42,918,000 $44,844,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The selected condensed data are taken from a
recent balance sheet of Bob Evens farms:
Cash
Marketable securities
Accounts receivable
Inventories
Other current assets
$ 8,241,000
1,947,000
12,545,000
14,814,000
5,371,000
Total current assets
Total current liabilities
Calculate (a) the working capital and (b) the current ratio for Bob Evans Farms.
$42,918,000
$44,844,000
Transcribed Image Text:The selected condensed data are taken from a recent balance sheet of Bob Evens farms: Cash Marketable securities Accounts receivable Inventories Other current assets $ 8,241,000 1,947,000 12,545,000 14,814,000 5,371,000 Total current assets Total current liabilities Calculate (a) the working capital and (b) the current ratio for Bob Evans Farms. $42,918,000 $44,844,000
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