Question

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

2022 2021
Cash $13,200 $10,800
Accounts receivable 22,200 20,200
Inventory 31,600 30,700
Other current assets 12,200 11,909
Total current assets $79,200 $73,609
Total current liabilities $247,500 $311,100
Compute the current ratio for each year.

Answer 1

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Step-by-step explanation:

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