Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $427,500 Marketable securities 165,000...

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Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $427,500 Marketable securities 165,000 Accounts and notes receivable (net) 310,000 Inventories 700,000 Prepaid expenses 44,000 Accounts payable 240,000 Notes payable (short-term) 260,000 325,000 Accrued expenses 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 each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place. Transaction a. Sold marketable securities at no gain or loss, $70,000. h Paid accounts navable. $120.000. A Working Capital $ Current Ratio Quick Ratio Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $427,500 Marketable securities 165,000 Accounts and notes receivable (net) 310,000 Inventories 700,000 Prepaid expenses 44,000 Accounts payable 240,000 Notes payable (short-term) 260,000 325,000 Accrued expenses 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 each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place. Transaction a. Sold marketable securities at no gain or loss, $70,000. h Paid accounts navable. $120.000. A Working Capital $ Current Ratio Quick Ratio