Current position analysis

Cash 369,600, Temporary investments 190400, accounts adn notes receivable (net) 560000, inventories 468200, prepaid expenses 24600, accounts payable 156800, notes payable (short term) 224000, accured expenses 67200.

Compute the working capital, current ratio, and the quick ration. Round the current ratio and the quick ratio to one deciaml place.

Step 2

compute using data above format working capital as whole dollars round the current and quick ratio to on decimal place. consider each transaction separately and assume that only that transaction affect the data given above.

1 Sold termporary investments at no gain or loss 50000

2 paid accounts payable 90000

3 purchased goods on account, 56000

4 paid notes payable, 112000

5 declared a cash dividend 90000

6 declared a common stock dividend on common stock, 27000

7. borrowed cash from bank on a long-term note 224000

8 received cash on account, 76000

9 issued additional share os stock for cash, 448000

10 paid cash for prepaid expenses, 44800