Instructions Data pertaining to the current position of Forte Company are as follows: Cash Marketable securities Accounts and notes receivable (net) Inventories 5412,500 187.500 300,000 700,000 50,000 200,000 250,000 300,000 Prepaid expenses Accounts payable Notes payable (short-term) Accrued expenses Required: 1. Compute (A) the working captal (B) the current ratio, and (C) the quickroto 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 results 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 Check My Work Instruction Required: 1. Compute the won 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 results 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, S70,000 B. Pad accounts payable, $125.000 C Purchased goods on account. $110.000 D. Paid notes payable, $100,000 E. Declared a cash dividend, $150,000. F Declared a common stock dividend on common stock 550.000 6. Borrowed cash from bank on a long-term note, 5225,000 H Received cash on account $125.000 1 issued additional shares of stock for cash $600.000 J. Puld cash for prepaid expenses $10,000 eck My Work Chape Problems Calculator Effect of transactions on current position analysis r starting Questions Final Questions Final Questions 2. Compute the working at the current rate, and the G r eater each of the following transactions and record the results in the transaction separately and assume that only that transaction affects the data given Round to one decimal place columns of the table provided Consider each Working Quick Current Rate Transaction 3900 000 DOWO -- 5900 000 $900.000 5900 000 5750000 5900.000 $975.000 X 5975 000 X Points