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Data pertaining to the current position of Forte Company follow. Cash $412,500 Marketable securities 187,500 Accounts and notes receivable(net) 300,000 Inventories 700,000 Prepaid expenses 50,000
Data pertaining to the current position of Forte Company follow. Cash $412,500 Marketable securities 187,500 Accounts and notes receivable(net) 300,000 Inventories 700,000 Prepaid expenses 50,000 Accounts payable 200,000 Notes payable (short term) 250,000 Accrued expenses 300,000 Question 1 (a) Compute the working capital (b) The current ratio (c)The quick ratio. Round ratios in parts b through j to one decimal place.
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