Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $417,500 Marketable securities 182,500 Accounts and notes receivable (net) 310,000 Inventories 700,000 Prepaid expenses 42,000 Accounts payable 220,000 Notes payable (short-term) 250,000 Accrued expenses 300,000 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 b. Current ratio c. Quick ratio 882,000 2.1 1.2 2. Compute the working capital, the current ratio, and the quick ratio after each of the following transactions and record the results in the appropri transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place.