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.

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Finance Basics: Working capital and the current ratio
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