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Calculate the Working Capital

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Question - Data pertaining to the current position of Falcon Company are as follows:

Marketable securities $216,000

Accounts receivable (net) $300,000

Inventories $750,000

Cash $520,000

Prepaid Expenses $25,000

Accounts Payable $275,000

Notes payable (short term)  $200,000

Land $900,000

Required - Using the data given:

a) Calculate the Working Capital.

b) Calculate the Current Ratio.

c) Calculate the Quick Ratio.

Reference no: EM132680604

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