Effect of Transactions on Current Position Analysis

Data pertaining to the current position of Brin Company are as follows:

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 above. Round ratios to one decimal place.

Transaction			Working Capital			Current Ratio			Quick Ratio
a. Sold temporary investments at no gain or loss, $90,000.	$
b. Paid accounts payable, $175,000.	$
c. Purchased goods on account, $125,000.	$
d. Paid notes payable, $200,000.	$
e. Declared a cash dividend, $160,000.	$
f. Declared a common stock dividend on common stock, $45,000.	$
g. Borrowed cash from bank on a long-term note, $300,000.	$
h. Received cash on account, $140,000.	$
i. Issued additional shares of stock for cash, $700,000.	$
j. Paid cash for prepaid expenses, $80,000.	$