60.1K
Verified Solution
Link Copied!
These selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands).
| 2007 | 2006 |
Cash | $29,287 | $16,727 |
Accounts receivable | 20,515 | 16,131 |
Inventories | 28,673 | 28,058 |
Other current assets | 23,989 | 21,486 |
Total current assets | $102,464 | $82,402 |
Total current liabilities | $201,183 | $159,485 |
Compute the current ratio for each year.
DO NOT COPY FROM CHEGG, OR I HAVE TO REPORT.
Answer & Explanation
Solved by verified expert