eBook Calculator Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. are as follows: Cash Marketable securities Accounts and notes receivable (net) Inventories $435,000 187,500 310,000 700,000 Prepaid expenses Accounts payable Notes payable (short-term) 42,000 220,000 255,000 Accrued expenses 305,000 Required: 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios to one decimal place. a. Working capital 894,500 b. Current ratio 2.10 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 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 cerurities at nn nain or in 675.000 894.500 2.10 1.20 Check My Work ( Previous lain.do invokera&takeAssignmentSessionLocator&inprogress=false O 0 D Paused eBook Calculator 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 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. 894,500 2.10 1.20 b. Paid accounts payable, $110,000. 894,500 c. Purchased goods on account, $120,000. 894,500 d. Pald notes payable, $100,000 894,500 e. Declared a cash dividend, $130,000. 764,500 f. Dedared a common stock dividend on common stock, $35.000. 894,500 9. Borrowed cash from bank on a long-term note, $200,000 1,094,500 h. Received cash on account, $115,000. 894,500 1. Issued additional shares of stock for cash, $570,000. 1,464,500 3. Paid cash for prepaid expenses, $15,000. 894,500 TOODE Finn straturantities from rent state Check My World