Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. are as follows: Cash $800,000 Marketable securities 550,000 Accounts and notes receivable (net) 850,000 Inventories. 700,000 Prepaid expenses 300,000 Accounts payable 1,200,000 Notes payable (short-term) 700,000 Accrued expenses 100,000 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 1,200,000 V 1.6 V 1.1 2. Compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the the appropriate columns. Consider each transaction separately and assume that only that transaction affects the data given. Rc to one decimal place. Transaction