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help pls will up vote, appreciate the help Efrect of transections on current position anafysis Data pertaining to the current position of Forte Company follow:
help pls will up vote, appreciate the help
Efrect of transections on current position anafysis Data pertaining to the current position of Forte Company follow: 1. Compute (a) the working cepital, (b) the current ratio, and (c) the quick ratio. Round to one decimal place. Working Capital: $ Current Ratio: Quick Ratio: 2. Compute the working capital, the current ratio, and the quick ratio after ebch of the following transactions, and record the results in the appropriate calumns. Consider each transaction separately and assume that only that transaction affects the data given. Round to ane decimal place. a. Sold marketable securites at no gain or loss, $70,000. b. Paid accounts payabie, $125,000. c. Purchesed goods on account, $110,000 d. Paid notes payable, $100,000. e. Declared a cash dividend, $150,000. 1. Declared a common stock dividend on common stock, $50,000. 9. Borrowed cash from bank on a long-term note, $225,000. h. Recelved cash on account, $125,000. 1. Issued additional shares of stock for cash, $600,000. 1. Paid cash for prepaid expenses, $10,000 Step by Step Solution
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