The following financial information is for Alpha Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal): Item/Account 2017 2016
Question 9 (4 points)
The following financial information is for Alpha
Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal):
| Item/Account | 2017 | 2016 |
| Cash | $26,000 | $16,000 |
| Accounts Receivable | 40,000 | 50,000 |
| Inventory | 30,000 | 22,000 |
| Current Liabilities | 76,000 | 42,000 |
| Net Sales (all credit) | 390,000 | 360,000 |
| Cost of Goods Sold | 260,000 | 250,000 |
Use this information to determine for FY 2017: (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 work
1. the Current Ratio
Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"
