Answer:
1. Working Capital
= Current Assets - Current Liabilities
= ( Cash + Marketable Securities + Net accounts and notes receivable + Retailers Inventories + Prepaid expenses) - ( Accounts and notes payable(Short term) + Accrued expenses)
= ( 100,000 + 45,000 + 150,000 + 200,000 + 8,000) - ( 315,000 + 90,000)
= $98,000
2. Current Ratio
= Current Assets/ Current Liabilities
= ( Cash + Marketable Securities + Net accounts and notes receivable + Retailers Inventories + Prepaid expenses) / ( Accounts and notes payable(Short term) + Accrued expenses)
= ( 100,000 + 45,000 + 150,000 + 200,000 + 8,000) / ( 315,000 + 90,000)
= 1.24
3. Quick Ratio
= (Current Assets - Inventory) / Current Liabilities
= ( 100,000 + 45,000 + 150,000 + 8,000) / ( 315,000 + 90,000)
= 0.75
