Calculate working capital and the current ratio


These selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars).

Cash

$29.30

Accounts receivable

20.5

Inventory

28.7

Other current assets

24

Total current assets

$102.50

Total current liabilities

$201.20

Compute working capital and the current ratio.

Solution Preview :

Prepared by a verified Expert
Finance Basics: Calculate working capital and the current ratio
Reference No:- TGS0556213

Now Priced at $5 (50% Discount)

Recommended (91%)

Rated (4.3/5)