Data pertaining to the current position of Lucroy Industries Inc. follow:

Cash	$450,000
Marketable securities	165,000
Accounts and notes receivable (net)	350,000
Inventories	700,000
Prepaid expenses	42,000
Accounts payable	240,000
Notes payable (short-term)	255,000
Accrued expenses	280,000

Transaction a. Sold marketable securities at no gain or loss, $70,000 b. Paid accounts payable, $110,000 c.Purchased goods on account, $115,000. d. Paid notes payable, $105,000. e. Declared a cash dividend, $160,000 f. Declared a common stock dividend on common stock, $50,000. g. Borrowed cash from bank on a long-term note, $200,000 h. Received cash on account, $110,000. i. Issued additional shares of stock for cash, $645,000 j. Paid cash for prepaid expenses, $10,000. Working Capital Current Ratio Quick Ratio 932,000 932,000 932,000 932,000V 2.2 1.2 2.3X 932,000 2.2 1.2 932,000 2.2