The balance sheet for Alpha Corporation follows: Current assets. Long-term assets (net) Total assets Current liabilities Long-term liabilities Total…

The balance sheet for Alpha Corporation follows: Current assets. Long-term assets (net) Total assets Current liabilities Long-term liabilities Total…

Question:

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The balance sheet for Alpha Corporation follows:
Current assets.
Long-term assets (net)
Total assets
Current liabilities
Long-term liabilities
Total liabilities
Common stock and retained earnings
Total liabilities and stockholders equity
$1,070,000
1,520,000
2,590,000
Working capital
Current ratio
710,000
1,110,000
1,820,000
770,000
$2,590,000
Required:
Compute the working capital and current ratio using the provided balance sheet.
Note: Round the current ratio to 1 decimal place.

Expert Answer:

Answer rating: 100% (QA)

To calculate the working capital and current ratio you can use the information provided in
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