instructions Starting Question Final Question Instructions Data pertaining to the current position of Forte Company follow Cash Marketable securities Accounts and notes receivable (net) $412,500 187,500 300,000 Inventories 700.000 50,000 Prepaid expenses Accounts payable Notes payable (short-term) 200,000 250,000 Accrued expenses 300,000 1. Compute (A) the working condal (B) the current ratio, and (C) the quick ratio Round radios 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, $70.000 B. Paid accounts payable, $125,000 C. Purchased goods on account, $110,000 given. Round to one decimal place. A. Sold marketable securities at no gain or loss, $70,000. B. Paid 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, $50,000. G. Borrowed cash from bank on a long-term note, $225,000. H. Received cash on account, $125,000. I. Issued additional shares of stock for cash, $600,000. J. Paid cash for prepaid expenses, $10,000. Starting Question 1. Compute the following. Round ratios to one decimal place A. Working capital: $ B. Current ratio: C. Quick ratio: Final Question Final Question 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. Quick Working Capital Current Ratio Transaction Ratio P $ B. S . S D. S E $ F $ G. $ H S 1. $ $