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Question
3 WileyPLUS C2? ? https://edugen.wileyplus.com/edugen/student/mainfr.un. G???l inks D (omputer Science 8·Dashboard D UCSB CSB I x Open Assignment CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION ·BACK NEXT ASSIGNMENT RESOURCES Exercise 2 Brief Exercise 2-4 Suppose the follow ing selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars) Cash Accounts receivable Inventory Other current assets Totel current assets Total current liabilities Question 20 ?29.2 20.7 26.7 25.0 5101.6 S195.4 Brief Exercise 2-2 Brlef Exercise 2-4 Study Objective Compute working capital and the current ratio. (For working capital, enter answer in millions. If answer is negative enter it with a negative sign preceding the num ber e.g. -15.2 or in parentheses e.g. (15.2). Round Current Ratio to 2 decimal places, e.g. 0.78: 1.) Working captalt Current ratio SHOW SOLUTION LINK TO TEXT INTERACTIVE TUTORIAL 24 Question Attempts: 0 of 3 used SAVE FOR LATERSUBMIT ANSWER SUBMIT ANSWER 8:5/ 2018/4/9 CPU??Explanation / Answer
Answer
Working Capital = Current Assets - Current Liabilities
= $101.6 million - $195.4 million =$ - 93.8 million
Capital ratio = Current Assets / Current Liabilities
= $101.6 million / $195.4 million = 0.52 : 1
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