Solution-Compute working capital and the current ratio

Compute working capital and the current ratio

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Reference no: EM132471822

Problem - 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

Required - Compute working capital and the current ratio.

Reference no: EM132471822

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Compute working capital and the current ratio

Reference no: EM132471822

Reference no: EM132471822

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Financial Accounting Questions & Answers

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Prepare general journal entries for goela

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