1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round the current ratio and the quick ratio to one decimal place. 2. Compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns. Conside each transaction separately and assume that only that transaction affects the data given above. Format working capital as whole dollars. Round the current ratio and the quick ratio to one decimal place. Effect of Transactions on Current Position Analysis Data pertaining to the current position of Newlan Company are as follows: Instructions: 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio