PETER HERO STOW Cash 5445,000 Marketable securities 162,500 Accounts and notes receivable (net) 330,000 Inventories 700,000 Prepaid expenses 42,000 Accounts payable 190,000 Notes payable (short-term) 260,000 Accrued expenses 300,000 Required: 1. Compute(a) the working capital, (b) the current ratio, and (c) the quick ratio, Round ratios to one decimal place. a. Working capital b. Current ratio c. Quick ratio 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 Consider cach transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place. Transaction Working Capital Current Ratio Quick Ratio 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. Pald notes payable, $120,000 $ e. Dedared a cash dividend, $160,000 1. Dedared a common stock dividend on common stock, $45,000. o Borrowed cash from bank on a long term note, $230,000 n. Received cash on account, $135,000. Issued additional shares of stock for cash, $650,000 3. Pald cash for prepaid expenses, $10,000