eBook Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. are as follows: Cash Marketable securities $800,000 550,000 Accounts and notes receivable (net) 850,000 Inventories 700,000 Prepaid expenses 300,000 Accounts payable 1,200,000 Notes payable (short-term) 700,000 100,000 Accrued expenses Required: 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios to o a. Working capital b. Current ratio c. Quick ratio 1,200,000 1.6 V 1.1 V 2. Compute the working capital, the current ratio, and the quick ratio after each of the following tra 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, $500,000. b. Paid accounts payable, $287,500. c. Purchased goods on account. $400,000. d. Paid notes payable, $125,000. Working Capital 1,200,000 1,200,000 1,200,000 875,000 X Check My Work