Effect of Transactions on rent Position Analysis Data pertaining to the current position of Lukrey Industries Inc. are as follows Cash $407,500 Marketable securities 182.500 Accounts and notes receivable (net) 305.000 Inventories 700.000 Prepaid expenses 40,000 Accounts payable 240.000 Notes payable (short term) 250,000 Accrued expenses 310,000 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 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 cach transaction sep given. Round ratios to one decimal place Transaction Working Capital Current Ratio Quick Ratio . Sold markofable securities at no gain or loss, $75,000. b. Paid accounts payable, $125.000 c. Purchased goods on account. $115,000. d. Paid notes payable, $100.000. e. Declared a cash dividend, $135,000. 4. Declared a common stock dividend on common stock. $35.000 Q. Borrowed cash from bank on a long-term note, $225,000 h. Received cash on account. $130.000 1. Issued additional shares of stock for cash. $650.000 1. Paid cash for prepaid expenses. 57.000