Question: Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $445,000 Marketable securities 162,500 Accounts

Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $445,000 Marketable securities 162,500 Accounts

Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $445,000 Marketable securities 162,500 Accounts and notes receivable (net) 340,000 Inventories. 750,000 Prepaid expenses 46,000 Accounts payable 200,000 Notes payable (short-term) 235,000 Accrued expenses 315,000 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 000

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