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keAssignmentSessionlocetor essignment-takeS C Online te...X eBook Caculator Print Item Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries
keAssignmentSessionlocetor essignment-takeS C Online te...X eBook Caculator Print Item Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. are as follows: Cash $422,500 182,500 350,000 700,000 42,000 210,000 240,000 300,000 Marketable securities Accounts and notes receivable (net) inventories Prepaid expenses Accounts payable Notes payable (short-term) Accrued expenses Required: 1. Compute (a) the working capital, (b) the current ratio, and (c) the qaick rebio. Round ratios to oos a. Working capital b. Current ratio c. Quick ratio 2- Comp columss. Consiger ute the working capital, the current ratio, and the quick ratio after each of the following transa oach tansaction soparately and assume that only that transactlon affects the data p Working Capital Transaction a. sold marketable secunitles at no gain or loss, 560,000
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