Question

Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars). Cash $ 30.3 Accounts receivable 19.8 Inventory 27.5 Other current assets 28.4 Total current assets $106.0 Total current liabilities $200.0 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 decimal places, e.g. 0.78 : 1.)

          Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars). Cash $ 30.3 Accounts receivable 19.8 Inventory 27.5 Other current assets 28.4 Total current assets $106.0 Total current liabilities $200.0 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 decimal places, e.g. 0.78 : 1.)

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