Data pertaining to the current position of Forte Company are as
follows:
Cash
$430,000
Marketable securities
160,000
Accounts and notes receivable
(net)
330,000
Inventories
700,000
Prepaid expenses
50,000
Accounts payable
240,000
Notes payable (short-term)
245,000
Accrued expenses
285,000
Required:
1.
Compute (A) the working
capital, (B) the current ratio, and (C) the quick ratio. Round
ratios to one decimal place.
2.
Compute the working capital,
the current ratio, and the quick ratio after each of the following
transactions, and record...