Answer this question fully and PLEASE FOLLOW MY CHART in the
same order, type your answer. thanks
Effect of transactions on current position analysis
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
1. Compute (a) the working capital, (b) the
current ratio, and (c) the quick ratio. Round to one decimal
place....