Data pertaining to the current position of Forte Company follow: Cash $400,000 Marketable securities 162,500 Accounts and notes receivable (net) 325,000 Inventories 750,000 Prepaid expenses 46,000 Accounts payable 230,000 Notes payable (short-term) 260,000 Accrued expenses 295,000 Required: 1. Compute (A) the working capital, (B) 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, $70,000.