(Answered) Question - the following financial information isnbspfor

Accounting

Question - The following financial information is for Alpha Corporation are for the fiscal years ending 2017 & 2016 (all balances are normal):

Item/Account	2017	2016
Cash	$26,000	$16,000
Accounts Receivable	40,000	50,000
Inventory	30,000	22,000
Current Liabilities	76,000	42,000
Net Sales (all credit)	390,000	360,000
Cost of Goods Sold	260,000	250,000

Use this information to determine for FY 2017: (Round & enter your answers to one decimal place for non-dollar ratios and enter the value. For dollar ratio enter as whole dollars only.) Show work

1. the Current Ratio

2. Working Capital

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