Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars). Cash $ 30.7 Accounts receivable 21.4 Inventory 27.4 Other current assets 22.5 Total current assets $102.0 Total current liabilities $200.0 Compute working capital and the current ratio.
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Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars): Cash: $32.0 Accounts receivable: 19.8 Inventory: 26.6 Other current assets: 25.6 Total current assets: $104.0 Total current liabilities: $200.0 Compute working capital and the current ratio. (For working capital, enter the answer in millions. If the answer is negative, enter it with a negative sign preceding the number, e.g. -15.2 or in parentheses, e.g. (15.2). Round the current ratio to 2 decimal places, e.g. 0.78:1.) Working capital: Current ratio:
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