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Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms...

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Accounting

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

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