working capital and current ratios

Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $435,000 Marketable securities 182,500 Accounts and notes receivable (net) 300,000 Inventories 750,000 Prepaid expenses 46,000 Accounts payable 190,000 Notes payable (short-term) 240,000 Accrued expenses 305,000 Required: 1. Compute(a) the working capital, (b) the current ratio, and the quick ratio. Round ratios to one decimal place. a. Working capital 978,500 b. Current ratio 2.3 Quick ratio 2.2 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 Conuder och travisaction separately and assume that only that transaction affects the data given, Round ratios to one decimal place. Transaction Working Capital Current Ratio Quick Ratio Sold marketable securities at no gain or loss, $55,000 928,500 2.3 2.2 1. Compute(a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios to one decimal place. 3. Working capital 978,500 b. Current ratio 2.3 Quick ratio 2.2 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 Considerare 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 secunties at no gain or loss, $55,000 978,500 2.3 2.2 b. Poid accounts payable, $110,000 978,500 Purchased goods on account, 5105,000 978,500 d. Paid notes payable, $100,000 978,500 e Declared a cash dividend, 5160,000 1. Decored a common stock dividend on common stock, $60,000 Borrowed cash from bank on a long-term note, $230,000 h, Received cash on account, 5145,000 Issued additional shares of stock for cast$640,000 Pad cash for prepaid experies, 515,000 llll