Instructions Data pertaining to the current position of Forte Company follow: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Accounts payable Notes payable (short-term) Accrued expenses $412,500 187,500 300,000 700,000 50,000 200,000 250,000 300,000 1. Compute (A) the working capital, (B) the current ratio, and (C) the quick ratio. Round ratios to one decimal place 2. Compute the working capital, the current ratio, and the quick ratio after each of the following transactions and record the resuits in the appropriate columns of the table provided. Consider each transaction separately and assume that only that transaction affects the data given. Round to one decimal place A. Sold marketable securities at no gain or loss, $70,000 B. Paid accounts payable, $125,000