eBook Calculator Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucray Industries Inc. are as follows: Cash $410,000 Marketable securities 190,000 Accounts and notes receivable (net) 340,000 Inventories 750,000 Prepaid expenses 40,000 Accounts payable 240,000 Notes payable (short-term) 235,000 Accrued expenses 280,000 Required: 1. Compute(a) the working capital, (b) the current ratio, and (c) the quick ratie Round ratios to one decimal place. a. Working capital 975,000 b. Current ratio 2.30 Quick ratio 1.20 2. Compute the working capital, the current ratio, and the quick rate after each of the following transactions and record the results in the worriate columns. Consider each transaction carately and assume that only that transaction affects the data de oudstone dei place Transaction Working Capital Current Ratio Quick Ratio 0 2011 PM 12 SUS 13 12 B pouse break $ & 5 6 7 8 9 0 E R. T Y U C F G . H K L HEL a. Working Capital 975,000 b. Current ratio 2.30 c. Quick ratio 1.20 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 cach transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place Transaction Workin's Capital Current Ratio Quick Ratio a. Sold marketable securities at no gain or loss, $65,000 975,000 2.30 1.20 b. Pald accounts payable, $105,000. 570,000 c. Purchased goods on account, $130,000 d. Paid notes payable, $120,000 e. Dewed a cash dividend, $150,000 I Dedared a common stock dividend on common stock, $30,000 Borrowed cash from bank on a long term note, 5200,000 h. Received cash on account. $135,000 i.issued additional shares of stock for $560,000 3. Paid cash for prepaid expenses, $11.000 2.30 1.20 BD SUS pove e S A a 5 be 6 7 8 0 E T R Y U o T P D G H J K V B N M L