Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $420,000 Marketable securities 165,000 350,000 Accounts and notes receivable (net) Inventories 750,000 Prepaid expenses 42,000 190,000 Accounts payable Notes payable (short-term) 240,000 290,000 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 th only that transaction affects the data given. Round ratios to one decimal place. Transaction Working Capital Current Ratio Quick Ratio a. Sold marketable securities at no gain or loss, $55,000. $ b. Pald accounts payable, $130,000. $ c. Purchased goods on account, $120,000. d. Paid notes payable, $120,000. d. Paid notes payable, $120,000. e. Declared a cash dividend, $155,000. $ f. Declared a common stock dividend on common stock, $35,000. $ g. Borrowed cash from bank on a long-term note, $210,000. $ h. Received cash on account, $130,000. $ III bull i. Issued additional shares of stock for cash, $575,000. $ j. Paid cash for prepaid expenses, $8,000. $