Effect of transactions on current position analysis Data pertaining to the current position of Lucroy Industries Inc. follow: given. Round ratios to one decimal place. \begin{tabular}{|c|c|c|c|c|c|c|} \hline Transaction & Working Capit & & Current Ra & tio & Quick Rat & \\ \hline a. Sold marketable securities at no gain or loss, $500,000. & 1,200,000 & & 1.6 & & 1.1 & \\ \hline b. Paid accounts payable, $287,500. & 1,200,000 & & 1.5 & x & 1.1 & \\ \hline c. Purchased goods on account, $400,000. & 1,200,000 & & 1.7 & x & 1.1 & x \\ \hline d. Paid notes payable, $125,000. & 1,200,000 & & 1.5 & x & 0.9 & x \\ \hline e. Declared a cash dividend, $325,000. & 875,000 & & 1.6 & x & 1.1 & x \\ \hline f. Declared a common stock dividend on common stock, $150,000. & 1,200,000 & & 1.4 & x & 0.9 & x \\ \hline g. Borrowed cash from bank on a long-term note, $1,000,000. & 2,200,000 & & 2.1 & & 1.6 & \\ \hline h. Received cash on account, $75,000. & 1,200,000 & & 1.6 & & 1.1 & \\ \hline i. Issued additional shares of stock for cash, $2,000,000. & 3,200,000 & & 2.6 & & 2.1 & \\ \hline j. Paid cash for prepaid expenses, $200,000. & 1,200,000 & & 1.6 & & 1.0 & \\ \hline \end{tabular}