Question: 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.
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
tableTransactiona Sold marketable securities at no gain or loss, $b Paid accounts payable, $C Purchased goods on account, $d Paid notes payable, $e Declared a cash dividend, $f Declared a common stock dividend on common stock, $g Borrowed cash from bank on a longterm note, $h Received cash on account, $i Issued additional shares of stock for cash, $ $j Paid cash for prepaid expenses, $
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