A-6 These selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars).CashAccounts receivableInventoryOther current assetsTotal current assetsTotal current liabilitiesWorking capitalCurrent ratio$30.7$21.427.4Compute working capital and the current ratio. (For working capital, enter answer in millions rounded to 2 decimal places, e.g.50.25. If answer is negative enter it with a negative sign preceding the number e.g. -15.2 or in parentheses e.g. (15.2). Roundcurrent ratio to 2 decimal places, e.g. 0.78:1.)22.5$102.0$200.0million:1

Working capital is the amount of capital needed or used in day to day operations in the…

These selected condensed data are 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 $ $30.7. Current ratio 21.4 27.4 22.5 $102.0 Compute working capital and the current ratio. (For working capital, enter answer in millions rounded to 2 decimal places, e.g. 50.25. If answer is negative enter it with a negative sign preceding the number e.g. -15.2 or in parentheses e.g. (15.2). Round current ratio to 2 decimal places, e.g. 0.78:1.) $200.0 million :1

These selected condensed data are 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 $ $30.7. Current ratio 21.4 27.4 22.5 $102.0 Compute working capital and the current ratio. (For working capital, enter answer in millions rounded to 2 decimal places, e.g. 50.25. If answer is negative enter it with a negative sign preceding the number e.g. -15.2 or in parentheses e.g. (15.2). Round current ratio to 2 decimal places, e.g. 0.78:1.) $200.0 million :1

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter24: Analysis Of Financial Statements

Section: Chapter Questions

Problem 1SEB

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