Chapter 14 Homework eBook Print Item 1. PR. 14.02A Effect of transactions on current position analysis Data pertaining to the current position of Forte Company follow: 2. PR. 14.03A Cash $412,500 3. PR.14.01A Marketable securities 187,500 Accounts and notes receivable (net) 300,000 4. PR.14.04A Inventories 700,000 5. PR. 14.05A Prepaid expenses 50,000 Accounts payable 200,000 Notes payable (short-term) 250,000 Accrued expenses 300,000 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round to one decimal place. Working Capital Current Ratio Quick Ratio E 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 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. Transaction Working Capital Current Ratio Quick Ratio a. b. d. Progress: 2/5 items Check My Work Previous Next Assignment Score: 0.0% Save and Exit Submit Assignment for GradingChapter 14 Homework eBook Print Item 1. PR. 14.02A Notes payable (short-term) 250,000 Accrued expenses 300,000 2. PR. 14.03A 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round to one decimal place. 3. PR.14.01A Working Capital Current Ratio 4. PR.14.04A Quick Ratio 5. PR. 14.05A 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 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. . Borrowed cash from bank on a long-term note, $225,000. h. Received cash on account, $125,000. . Issued additional shares of stock for cash, $600,000. i. Paid cash for prepaid expenses, $10,000. Transaction Working Capital Current Ratio Quick Ratio a b . C. d. e . f . Progress: 2/5 items Check My Work Previous Next Assignment Score: 0.0% Save and Exit Submit Assignment for Grading