Compute the working capital the current ratio and the quick

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Reference no: EM13615531

Date pertaining to the current position of Sprice Pine MedicalCompany are as follows:

Cash 384,000

Marketsecurities 176,000

Accounts and notes receivable(net) 608,000

Inventories 792,000

Prepaidexpenses 48,000

Accountspayable 624,000

Notes payable(short-term) 240,000

Accruedexpenses 80,000

Compute (a) the working capital,(b) the current ratio, and (c)the quick ratio. Round to one decimal place. list the following captions:

transactions workingcapital currentratio quick ratio Compute the working capital, the current ratio and the quickratio after each of the following transactions and record theresult in the appropriate column. Consider each transactionseperately and assume that only, that transaction affects the datagiven above.

Reference no: EM13615531

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