Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. follow: Cash Marketable securities Accounts and notes receivable (net) Inventories $422.500 172,500 335,000 750,000 50,000 240,000 260,000 310,000 Prepaid expenses Accounts payable Notes payable (short-term) 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 920,000 b. Current ratio 2.1 Quick ratio 1.1 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 rates to one decimal place Transaction Working Capital Current Ratio Quick Ratio Check My War 1000 PM 11//2020 a. Working capital 920,000 b. Current ratio 2.1 c. Quick ratio 1.1 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, $75,000. 920,000 2.1 b. Paid accounts payable, $135,000 920,000 c. Purchased goods on account, $110,000 920,000 d. Paid notes payable, $110,000. 920,000 V e. Dedared a cash dividend, $150,000 S 770,000 920,000 2.1 1,140,000 1. Declared a common stock dividend on common stock, $30,000 o Borrowed cash from bank on a long term note, $220,000 h Received cash on account, $125,000 I. Isted additional shares of stock for cash. 5650,000 Paid cash for prepaid expenses, $13,000. 5 920,000 2.1 1.570,000 920,000 2.1