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Determine the Quick Ratio, Current Ratio and Working Capital

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Question - For the FY 2016, Alpha Company's balance sheet included the following current items: cash $40,000, accounts receivable $160,000, inventories $100,000, prepaid expenses $20,000, accounts payable $90,000, and accrued expenses $70,000. Use this information to determine the Quick Ratio, Current Ratio and Working Capital.

Reference no: EM132624866

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