Data pertaining to the current position of Forte Company follow Cash $412,500 187,500 Marketable securities Accounts and notes receivable (net) Inventories 300.000 700.000 Prepaid expenses 50.000 Accounts payable 200.000 Notes payable (short-term) 250,000 300,000 Accrued expenses Required: Lictions Accrued expenses 300,000 Required: 1 Compute (A) the working capitel. (8) the current ratio, and (c) the quick ratio. Round ratios 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 of the table provided Consider each transaction separately and assume that only that transaction affects the data given Round ratios to one decimal place. A Sold marketable securities at no gain or loss, SS70,000 B. Paid accounts payable, 55125,000 C. Purchased goods on account 55110,000 D. Paid notes payable, SS400,000 E Declared a cash dividend, 55150,000 F Declared a common stock dividend on common stock 5550.000 G. Borrowed cash from bank on a long-term note 55225,000 H Received cash on account $$125,000 1 Issued additional shares of stock for cash 55600.000 J. Paid cash for prepaid expenses $10,000, Instructions X Starting Question 1. Compute the following. Round ratios to one decimal place. A. Working capital: $ B. Current ratio: 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 of the table provided. Consider each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place Working Capital Current Ratio Quick Ratio Transaction B S S D $ E S G S