Solution-Compute the current ratio for each year

Compute the current ratio for each year

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Reference no: EM13526502

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

	2009	2008
Cash	$ 13,606	$ 7,669
Accounts receivable	23,045	19,951
Inventories	31,087	31,345
Other current assets	12,522	11,909
Total current assets	$ 80,260	$ 70,874
Total current liabilities	$245,805	$326,203

Compute the current ratio for each year and comment on your results.

Reference no: EM13526502

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Compute the current ratio for each year

Reference no: EM13526502

Reference no: EM13526502

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