answer #2 please

Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $430,000 Marketable securities 175,000 Accounts and notes receivable (net) 315,000 Inventories 700,000 Prepaid expenses 40,000 Accounts payable 180,000 Notes payable (short-term) 255,000 Accrued expenses 300,000 Required: Required: 1. Compute (a) the working capital. (b) the current ratio, and (c) the quick ratio Round ratios to one decimal place. 3. Working capital 925,000 b. Current ratio 2.2 x Quick ratio 1.3 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 each 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, $80,000. b. Pald accounts payable, $110,000 Purchased goods on account, $115,000. d. Paid notes payable, $105,000 .. Declared a cash dividend, $190,000 Declared a common stock dividend on common stock. $45.000 9. Borrowed cash from bank on a long-term nota, 5210,000 hReceived cash on account, $130,000 1 Issued additional shares of stock for cash, 5580,000 Illll 3. Paid cash for prepaid expenses, $15.000