Suppose the following selected condensed data are taken from a recent balance sheet of Bob Evans Farms (in millions of dollars).
Cash |
mce_markernbsp;31.5 |
Accounts receivable |
20.5 |
Inventory |
27.9 |
Other current assets |
24.0 |
Total current assets |
$103.9 |
Total current liabilities |
$207.8 |
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 number e.g. -15.2 or in parentheses e.g. (15.2). Round Current Ratio to 2 decimal places, e.g. 0.78 : 1.)