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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A-6
Transcribed Image Text: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
Current ratio
$30.7
$
21.4
27.4
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.)
22.5
$102.0
$200.0
million
:1
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