Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucray Industries Inc. follow: Cash $445,000 Marketable securities 185,000 340,000 Accounts and notes receivable (net) Inventories Prepaid expenses Accounts payable 700.000 48,000 210,000 245.000 305,000 Notes payable (short-term) Accrued expenses Required: 1. Compute(a) the worldng capital, (b) the current ratio, and (c) the quick ratio Round ratios to one decimal place. a. Working capital b. Current ratio 6. 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 cach transaction separately and assume that 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, $65.000. Previous 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 separatel and assume that 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, $65,000 b. Paid accounts payable, $110,000. c. Purchased goods on account, $130,000. d. Paid notes payable, $105,000. e. Declared a cash dividend, $125,000. 1. Declared a common stock dividend on common stock, S50,000. 9. Borrowed cash from bank on a long-term note, $230,000 h. Received cash on account, $135,000 1. Issued additional shares of stock for cash, 5590,000. 1. Paid cash for prepaid expenses, $12.000