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For the FY 2016, Alpha Company’s balance sheet included the following current items: cash $50,000, accounts receivable $170,000, inventories $100,000,

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For the FY 2016, Alpha Company’s balance sheet included the following current items: cash $50,000,

accounts receivable $170,000, inventories $100,000, prepaid expenses $25,000, accounts payable $90,000, and accrued expenses $70,000.  Use this information to determine the: (Round & enter your answers to one decimal place for non-dollar ratios and enter the value. For dollar ratio enter as whole dollars only.) Show your work!

1. Quick Ratio

2. Current Ratio

2. Working Capital

 
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