Cash	412,500
Marketable securities	187,500
Accounts and notes receivable(net)	300,000
Inventories	700,000
Prepaid expenses	50,000
Accounts payable	200,000
Notes payable (short term)	250,000
Accrued expenses	300,000

2. List the following captions on a sheet of paper: Transaction Working Capital Current Ratio Quick Ratio Compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record results in the appropriate columns. transaction separately and assume that only that transaction affects the data given. Round to one decimal place. a. Sold marketable securities at no gain or loss, $70,000 b. Paid accounts payable, $125,000. c. Purchased goods on account, $110,000. d. Paid notes payable, $100,000. e. Declared a cash dividend, $150,000 f. Declared a common stock dividend on common stock, $50,000 g. Borrowed cash from bank on a long-term note, $225,000. h. Received cash on account, $125,000 i. Issued additional shares of stock for cash, $600,000. j. Paid cash for prepaid expenses, $10,000