Suppose these selected condensed data are taken from recent balance sheets of Tyson Farms (in thousands). Compute the current ratio for each year and comment on your results. 2020 2019 Cash $13,606 $7,669 Accounts receivable 23,045 19,951 Inventory 31,087 31,345 Other current assets 12,522 11,909 Total current assets $80,000 $70,874 Total current liabilities $245,805 $326,203
Suppose these selected condensed data are taken from recent balance sheets of Tyson Farms (in thousands). Compute the current ratio for each year and comment on your results. 2020 2019 Cash $13,606 $7,669 Accounts receivable 23,045 19,951 Inventory 31,087 31,345 Other current assets 12,522 11,909 Total current assets $80,000 $70,874 Total current liabilities $245,805 $326,203
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 1SEB
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Suppose these selected condensed data are taken from recent balance sheets of Tyson Farms (in thousands). Compute the
2020 |
2019 |
|
Cash |
$13,606 |
$7,669 |
Accounts receivable |
23,045 |
19,951 |
Inventory |
31,087 |
31,345 |
Other current assets |
12,522 |
11,909 |
Total current assets |
$80,000 |
$70,874 |
Total current liabilities |
$245,805 |
$326,203 |
Current ratio:
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