Effect of transactions on current position analysis data perfoming to the current position of Lucroy Industries Inc. are as follows: Cash 800,000 Marketable securities 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 Accrued expenses 100,000 Instructions Compute the world capital, b the current ratio, and the quick ratio. Round king to one decimal place. List the following captions on a sheet of paper: Sold marketable securities at no gain or loss, $500,000. Paid accounts payable, $287.500. Purchased goods on account, Si00,000. d. Paid notes payable. $125.000. Declared a cash dividend, $325,000. Declared a common stock dividend on common stock, $150,000. Borrowed cash from bank on a long-term note, $1,000,000. received cash on account, $75,000. Issued additional shares of stock for cash, $2,000,000. Paid cash for prepaid expenses, $200,000