Instructions Data pertaining to the current position of Lucroy Industries Inc. are as follows Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Accounts payable Notes payable (short-term) Accrued expenses $800,000 550,000 850,000 700,000 300,000 1,200,000 700,000 100,000 Required: 1. Compute (A) the working capital, (B) the current ratio, and (C) the guick ratio. Round 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, $500,000 B. Paid accounts payable, $287,500 C. Purchased goods on account, $400,000 D. Paid notes payable, $125,000 E. Declared a cash dividend, $325,000