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Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $410,000 160,000 345,000 750,000 Marketable securities Accounts and notes receivable (net) Inventories Prepaid
Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $410,000 160,000 345,000 750,000 Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Accounts payable Notes payable (short-term) Accrued expenses 50,000 180,000 230,000 295,000 Transaction Working Capital Current Ratio Quick Ratio a. Sold marketable securities at no gain or loss, $55,000. $ b. Paid accounts payable, $135,000. C. Purchased goods on account, $135,000. d. Paid notes payable, $115,000. e. Declared a cash dividend, $120,000. f. Declared a common stock dividend on common stock, $55,000. g. Borrowed cash from bank on a long-term note, $230,000. h. Received cash on account, $105,000. i. Issued additional shares of stock for cash, $570,000. $ $ $ $ j. Paid cash for prepaid expenses, $10,000
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