Effect of Transactions on Current Position Analysis Data pertaining to the current position of Newian Company are as follows: 550.000 Temporary investments Account and not receivable feet) 235.000 Inventaries 190.000 Prepaid expenses 10.000 Accountable 50.000 Notes payable short-term 30,000 Arun 12,000 Instructions: 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round the current ratio and the quick ratio to one decimal place. Working capital Current ratio Quickie 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 above. Format working capital as whole dollars. Round the current ratio and the quick ratio to one decimal place. Current Transaction Capital | Ratio a. Sold temporary investments for cash at no gain or loss, $50,000 b. Paid accounts payable, $40,000. c. Purchased goods on account, $75,000 d. Paid notes payable, $30,000 e. Declared a cash dividend, $15,000. f. Declared a stock dividend on common stock, $24,000. 9. Borrowed cash from bank on a long-term note, $150,000 h. Received cash on account, $72,000. I. Issued additional shares of stock for cash, $300,000. J. Pald cash for prepaid expenses, $10,000. Working Quick Ratio I DQINI I INO