These selected condensed data are taken from recent balance sheets of Bob Evans Farms (in thousands).
|
2009 |
2008 |
|
|
Cash |
$ 13,606 |
$ 7,669 |
|
Accounts receivable |
23,045 |
19,951 |
|
Inventories |
31,087 |
31,345 |
|
Other current assets |
12,522 |
11,909 |
|
Total current assets |
$ 80,260 |
$ 70,874 |
|
Total current liabilities |
$245,805 |
$326,203 |
Compute the current ratio for each year and comment on your results.