Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc, follow: Cash $420,000 Marketable securities 172,500 Accounts and notes receivable (net) 315,000 Inventories 700,000 Prepaid expenses 50,000 Accounts payable 220,000 Notes payable (short-term) 230,000 Accrued expenses 290,000 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 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 a. Sold marketable securities at no gain or loss, $65,000. b. Pald accounts payable, $130,000. c. Purchased goods on account, $115,000. d. Pald notes payable, $100,000. e. Declared a cash dividend, $155,000. 1. Declared a common stock dividend on common stock, $60,000. 9. Borrowed cash from bank on a long-term note, $200,000. h. Received cash on account, $120,000 Issued additional shares of stock for cash, $595,000. 1. Pald cash for prepaid expenses, $14,000