Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. are as follows: Cash $427,500 Marketable securities 182,500 Accounts and notes receivable (net) 350,000 Inventories 750,000 Prepaid expenses 50,000 Accounts payable 200,000 Notes payable (short-term) 255,000 Accrued expenses 280,000 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 $1,025,00 V 4 b. Current ratio c. Quick ratio 2.4 V 1.3 V 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.