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For the FY 2016, Alpha Company's balance sheet included the following current items: cash $40,000,...

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Accounting

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: (Round & enter your answers to one decimal place for non-dollar ratios and enter the value. For dollar ratio enter as whole dollars only.) 1. Quick Ratio 2. Current Ratio 3. Working Capital

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