CRI S IS toFunprogressaare Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. follow: $445,000 185,000 340,000 Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Accounts payable Notes payable (short-term) Accrued expenses Required: 700,000 48,000 210,000 245,000 305,000 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios to one decimal place, a. Working capital $958,000 b. Current ratio 2.27 X C. Quick ratio 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. Consider each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place Transaction Working Capital Current Ratio Quick Ratio Son market le cerurities at nn nain nr Inese non $ 9.058.000 X 2.3 PIPS 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios to one decimal place. a. Working capital b. Current ratio c. Quick ratio 2. Compute the worlding capital, the current ratio, and the quick ratio after each of the following transactions and record the results in the appropriate columns. Consider each transaction separate and assume that only that transaction affects the data given. Round ratios to one decimal place. Transaction Working Capital Current Ratio Quick Ratio a. Sold marketable securities at no gain or loss, $65,000. 9,050,000 X b. Pald accounts payable, $110,000. c Purchased goods on account. $130,000. X d. Paid notes payable, $105,000. X x e. Dedared a cash dividend, $125,000. X x f. Dedared a common stock dividend on common stock, 550,000. X x 9. Borrowed cash from bank on a long-term note, $230,000. X x h. Received cash on account, $135,000. X 1. Issued additional shares of stock for cash, $590,000. X J. Pald cash for prepaid expenses, $12,000