Question - 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.)
1. Quick Ratio
2. Current Ratio
2. Working Capital