Determine the working capital and quick ratio

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Question - For the FY 2016, 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. Determine:

1. Quick Ratio

2. Current Ratio

3. Working Capital

Reference no: EM132445726

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