Homework Answers
Solution
| 2017 | 2016 | |
| Current ratio | 0.28 | 0.24 |
Working
| 2017 | 2016 | ||
| A | Total current assets | $ 78,500.00 | $ 73,909.00 |
| B | Total current liabilities | $ 2,77,500.00 | $ 3,12,600.00 |
| A/B | Current ratio | 0.28 | 0.24 |
Add Answer to:
Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in...
Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in...
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...
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 =
Brief Exercise 13-10 Suppose these selected condensed data are taken from recent balance sheets of Bob...
Brief Exercise 13-10
Suppose these selected condensed data are taken from recent
balance sheets of Bob Evans Farms (in
thousands).
2022
2021
Cash
$13,100
$10,800
Accounts receivable
23,800
20,200
Inventory
30,200
30,800
Other current assets
11,500
11,909
Total current assets
$78,600
$73,709
Total current liabilities
$228,500
$299,600
Compute the current ratio for each year. (Round answers
to 2 decimal places, e.g. 2.12.)
2022
2021
Current ratio:
enter the current ratio for year 2017 rounded to 2 demical
places
:1
enter...
Brief Exercise 13-10 Suppose these selected condensed data are taken from recent balance sheets of Bob...
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:
2021 Brief Exercise 13-10 Suppose these selected condensed data are taken from recent balance sheets of...
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:
Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in...
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
BE13.10 (LO 3) Writing Suppose these selected condensed data are taken from recent balance sheets of...
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
Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans...
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...
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...
Your answer is incorrect. Suppose the following selected condensed data are taken from a recent balance...
Your answer is incorrect. Suppose the following 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 $31.5 21.6 27.5 23.0 $103.6 $191.9 Compute working capital and the current ratio. (if answer is negative enter it with a negative sign preceding the number eg -15,000 or in parentheses es (15,0001. Round Working capitals Current ratio Solution Art Type here...
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:
Brief Exercise 13-10
Suppose these selected condensed data are taken from recent
balance sheets of Bob Evans Farms (in
thousands).
2022
2021
Cash
$13,100
$10,800
Accounts receivable
23,800
20,200
Inventory
30,200
30,800
Other current assets
11,500
11,909
Total current assets
$78,600
$73,709
Total current liabilities
$228,500
$299,600
Compute the current ratio for each year. (Round answers
to 2 decimal places, e.g. 2.12.)
2022
2021
Current ratio:
enter the current ratio for year 2017 rounded to 2 demical
places
:1
enter...
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:
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:
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
Your answer is incorrect. Suppose the following 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 $31.5 21.6 27.5 23.0 $103.6 $191.9 Compute working capital and the current ratio. (if answer is negative enter it with a negative sign preceding the number eg -15,000 or in parentheses es (15,0001. Round Working capitals Current ratio Solution Art Type here...
Most questions answered within 3 hours.
-
The free energy change for the following reaction at 25 °C, when
[Sn2+] = 1.17 M...
asked 8 minutes ago -
An MNE is this kind of industry when competition in one country
is essentially independent of...
asked 1 hour ago -
. For this set of questions, determine what
proportion of a normal distribution is located betweeneach...
asked 2 hours ago -
A college student is employed as a door-to-door newspaper
salesman. Historical data suggests that the student...
asked 3 hours ago -
MATLAB HW 11 problem using Switch Case and Input commands
Write a script file that calculates...
asked 2 hours ago -
Considering gravitational time dilation, calculate the time that
passes in Earth’s surface while 1 hour passes...
asked 3 hours ago -
Minitab Problem: Take the Lake Hume June rainfall data and find
use the processes outlined in...
asked 4 hours ago -
X Company is trying to decide whether to continue using old
equipment to make Product A...
asked 4 hours ago -
IN PYTHON ONLY !! Program 2: Re-work
program #5 (WeeklyHours) from the previous assignment such that...
asked 5 hours ago -
The average length of time between arrivals at a turnpike
toll-booth is 26 seconds. What is...
asked 6 hours ago -
(a) A piston at 6.1 atm contains a gas that occupies a volume of
3.5 L....
asked 7 hours ago -
Please answer true or false. Words
cannot be changed or added in to make it true...
asked 7 hours ago