Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $445,000 Marketable securities 172,500 Accounts and notes receivable (net) 335,000 Inventories 750,000 50,000 200,000 Prepaid expenses Accounts payable Notes payable (short-term) Accrued expenses 255,000 315,000 Required: 1. Compute(a) the catal, (b) the current and the click to Round a. Working capital 5 982.500 b. Current ratio 2.3 c. Quick ratio 1.2 Current 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 Quick Ratio 3. Sold marketable securities at no gain or loss, 580,000 b. Pald accounts payable, $135,000 c Purchased goods on account, $120,000 d. Paid notes payable, $115,000 e Declared e cash dividend, $150,000. Deciared a common stock dividend on common stock, $50,000 9. Borrowed cash from bark on a long-term note, 5205,000 n. Received cash on account, $110,000 Issued additional shares of stock for cash $560,000 Pold cash for prepaid expenses, $12,000