Data pertaining to the current position of Lucroy Industries Inc. follow: Marketable securities Accounts and noted necelvable (net) Inventories Prepaid expenses Accounts payable Notes payable (short-term) Accrued expenses $447,500 170,000 350,000 750,000 50,000 220,000 230,000 310,000 Working Capital: 1,007,500 Current Ratio: 2.3 Quick Ratio: 1.3 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 as- sume 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, sa0,000 b. Pald accounts payable, $110,000 Purchased goods on account, 1110,000 4. Paid notes payable, $105,000 e. Declared a cash divided $125.000 1. Oecare connes stock d vidend 90 ore 560.000 g. Borrowed cash from bank on a long-term note, $220,000. n. Received cash on account, $120,000. LLLL I. Issued additionat shares of stock for cash, $565,000. 1. Paid cash for prepaid expenses, $15,000. End of document