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Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars). Cash $ 29.0 Accounts receivable 19.0 Inventory 26.0 Other current assets 36.0 Total current assets $110.0 Total current liabilities $200.0

Sagot :

Abiolataiwo2015idn

The working capital and the current ratio are :

$90; 0.55

Using this formula

Working capital=Current Assets- Current Liabilities

Where;

Current Assets=$110

Current Liabilities=$200

Let plug in the formula

Working capital=$110-$200

Working capital=$90

Current Ratio=Current Assets/Current Liabilities

Let plug in the formula

Current Ratio=$110/$200

Current Ratio=0.55

Inconclusion The working capital and the current ratio are : $90; 0.55

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