Solution:
Working Capital = Total current assets - total current liabilities = $103.6 - $191.9 = - $88.3 millions OR - $88,300,000
Current ratio = Total current assets / total current liabilities = 103.6 / $191.9 = 0.54 : 1
Your answer is incorrect. Suppose the following selected condensed data are taken from a recent balance...
Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars). Cash $ 31.8 Accounts receivable 21.8 Inventory 27.9 Other current assets 24.0 Total current assets $105.5 Total current liabilities $191.8 Compute working capital and the current ratio. (For working capital, enter answer in millions. 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...
Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars). Cash $ 31.1 Accounts receivable 19.3 Inventory 26.8 Other current assets 17.3 Total current assets $94.5 Total current liabilities $210.0 Compute working capital and the current ratio. (For working capital, enter answer in millions. 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...
m/eduge fr.uni gnment Question 11 Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars) Accounts receivable Inventory Other current assets Total current assets Total current liabilities $30.0 19.0 27.0 24.0 $100.0 Compute workding capital and the current ratio. (For working caphisi, enter answer in milions. If ansver 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...
Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2022 2021 Cash $13,400 $9,900 Accounts receivable 24,000 19,800 Inventory 30,800 30,700 Other current assets 11,800 11,909 Total current assets $80,000 $72,309 Total current liabilities $262,500 $301,600 Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 2.12.) Current Ratio 2022 = Current Ratio 2021 =
Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2017 2016 Cash $13,400 $9,800 Accounts receivable 23,100 20,100 Inventory 30,600 30,600 Other current assets 12,800 11,909 Total current assets $79,900 $72,409 Total current liabilities $250,000 $315,600 Compute the current ratio for each year. (Round answers to 2 decimal places, s. 2.12.) 2017 2016 Current ratio:
Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2020 2019 Cash $13,908 $7,281 Accounts receivable 21,125 18,472 Inventory 28,429 29,838 Other current assets 11,806 11,729 Total current assets $75,268 $67,320 Total current liabilities $242,800 $306,000 (a1) Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 0.15.) 2020 2019 Current ratio : 1 : 1
Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2017 2016 $12,000 $10,800 Cash Accounts receivable 22,100 20,400 Inventory 31,800 30,800 Other current assets 12,600 11,909 Total current assets $78,500 $73,909 Total current liabilities $277,500 $312,600 Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 2.12.) 2017 2016 Current ratio: :1 :1 eTextbook and Media
BE13.10 (LO 3) Writing Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands) 2020 2019 $13,606 $7,669 Cash Accounts receivable 23,045 19,951 Inventory 31,087 31,345 Other current assets 12,522 11,909 $ 80,260 $70,874 Total current assets $245,805 $326,203 Total current liabilities Compute the current ratio for each year and comment on your results
2021 Brief Exercise 13-10 Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2022 Cash $12,100 $10,800 Accounts receivable 24,000 20,400 Inventory 30,700 30,700 Other current assets 13,200 11,909 Total current assets $80,000 $73,809 Total current liabilities $232,000 $338,600 Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 2.12.) 2022 Current ratio:
Brief Exercise 13-10 Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands). 2017 Cash Accounts receivable Inventory Other current assets $13,100 22,400 30,600 12,700 2016 $9,200 20,000 30,700 11,909 $71,809 $310,100 $78,800 Total current assets Total current liabilities $275,500 Compute the current ratio for each year. (Round answers to 2 decimal places, e.g. 2.12.) 2017 2016 Current ratio: