I Have a hard time understanding the transaction part. I thought for b. it would be (current assest-140000)/(current liability-140000)=current ratio, but it would turn out in correct and the same with the others. Can someone explain it to me. on the whole transaction part?

Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. are as follows: Cash $412,500 Marketable securities Accounts and notes receivable (net) Inventories 182,500 320,000 750,000 48,000 Prepaid expenses Accounts payable Notes payable (short-term) 220,000 235,000 300,000 Accrued expenses 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 $ 958,000 b. Current ratio 2.3 C. Quick ratio 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 ap assume that only that transaction affects the data given. Round ratios to one decimal place. Transaction Working Capital Current Ratio Quick Ratio a. Sold marketable securities at no gain or loss, $80,000. $ 958,000 2.3 1.2 y 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. Transaction Working Capital Current Ratio Quick Ratio a. Sold marketable securities at no gain or loss, $80,000 958,000 2.3 1.2 b. Paid accounts payable, $140,000 958,000 2.5 X 1.2 x c. Purchased goods on account, $135,000. 958,000 V 2.3 X 1.2 X d. Pald notes payable, $115,000. 958,000 / 2.3 x 1.2 X e. Declared a cash dividend, $135,000 958,000 x 2.3 X 1.2 X f. Declared a common stock dividend on common stock, $35,000. 958,000 2.3 1.2 g. Borrowed cash from bank on a long-term note, $225,000 958,000 x 2.3 x 1.2 X h. Received cash on account, $110,000 958,000 2.3 1.2 958,000 X 2.3 X 1.2 X Issued additional shares of stock for cash, $550,000. 1. Pald cash for prepaid expenses, $13,000. 958,000 2.3 1.2