eBook Calator Print Item Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucray Industries Inc. are as follows: $425,000 Marketable securities 167,500 Accounts and notes receivable (net) 350.000 Inventories 700.000 Prepaid expenses 40,000 Accounts payable 180,000 Notes payable (short-term) 245.000 Accrued expenses 280,000 Required: 1. Compute(a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios ta one decimal place 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, and record the results in the appropriate columns. Consider each transaction separately and assume that only that transaction affects the data given Round ratios to one decimal place Transaction Working Capital Current Ratio Quick Ratio .. Sold marketable securities at no gain or loss. 575.000 b. Paid accounts payable, 5115,000 Purchased goods on account, 5105,000 d. Pad notes payable, $110.000 Check My work more Check My Wo m an Previous eBook Calculator Print Item Accounts payable Notes payable (short-term) Accrued expenses Required: 180,000 245,000 280,000 1. Compute(a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios to one decimal place. a. Working capital b. Current ratio Quick ratio consider 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 con each transaction separately and 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. Paid accounts payable, $115,000. c. Purchased goods on account, $105,000 d. Paid notes payable, $110,000 e Declared a cash dividend, $140.000 1. Declared a common stock dividend on common stock, $55,000 9. Borrowed cash from bank on a long-term note, $225,000 h. Received cash on account, $125,000 Issued additional shares of stock for cash, 5560,000 . Pald cash for prepaid expenses, 37,000. Previous Check My Work 4 more Check My Wortes remaining