Data pertaining to the current position of Lucroy Industries Inc. follow: Cash Marketable securities Accounts and notes receivable (net) Inventories $407,500 167,500 320,000 750,000 46,000 190,000 235,000 310,000 Prepaid expenses Accounts payable Notes payable (short-term) Accrued expenses Required: 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios to one decim 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 assume that only that transaction affects the data given. Round ratios to one decimal place Transaction Working Capital Cui a. Sold marketable securities at no gain or loss, $75,000. 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 assume 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, $75,000. b. Pald accounts payable, $135,000. c. Purchased goods on account, $115,000. d. Paid notes payable, $115,000. e. Declared a cash dividend, $130,000 1. Declared a common stock dividend on common stock, $55,000. g. Borrowed cash from bank on a long-term note, $205,000. h. Received cash on account, $145,000. Issued additional shares of stock for cash, $575,000 1. Pald cash for prepaid expenses, $14,000. Check My Work