Homework Answers
Working Capital is $(83.6)
Current Ratio is 0.56
Working Capital or Net Working capital is the measure of company liquidity . It is the difference of company's current Assets such as cash , Account receivable , Inventory and Current liabilities .
| Current Assets | |
| Cash | $31.2 |
| Account Receivables | 21.1 |
| Inventories | 28.2 |
| Other Current Assets | 25.9 |
| Total Currect Asset | 106.4 |
| Total Current Liabilities | $190 |
| Working Capital | $(83.6) |
The current ratio is a liquidity ratio that measures a company's ability to obligations ie short term obligation
It is calculated as follow
Currejt Ratio = Current Assets / Current Liabilities
=106.4/190
Current Ratio =0.56
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Time: 09:00 PM Brief Exercise 2-05 Suppose the following selected condensed data are taken from a...
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...
m/eduge fr.uni gnment Question 11 Suppose the following selected condensed data are taken from a recent...
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...
2021 Brief Exercise 13-10 Suppose these selected condensed data are taken from recent balance sheets of...
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Brief Exercise 13-10 Suppose these selected condensed data are taken from recent balance sheets of Bob...
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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...
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...
These selected condensed data are taken from a recent balance sheet of Sheridan Company (in millions...
These selected condensed data are taken from a recent balance sheet of Sheridan Company (in millions of dollars). $9.0 19.7 Cash Accounts receivable Inventory Other current assets Total current liabilities 18.0 11.8 $26.0 Additional information: Current liabilities at the beginning of the year were $35.1 million. (a) Your answer is incorrect. What is the working capital? (Enter answer in millions. Round answer to 1 decimal places, e.g. 15.5.) Working capital $
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 =
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
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...
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:
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...
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...
These selected condensed data are taken from a recent balance sheet of Sheridan Company (in millions of dollars). $9.0 19.7 Cash Accounts receivable Inventory Other current assets Total current liabilities 18.0 11.8 $26.0 Additional information: Current liabilities at the beginning of the year were $35.1 million. (a) Your answer is incorrect. What is the working capital? (Enter answer in millions. Round answer to 1 decimal places, e.g. 15.5.) Working capital $
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