Effect of Transactions on Current Position Analysis.

Data pertaining to the current position of Lucroy Industries Inc. follow:

Cash

:$-$ My Home

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Maricetabie securities

Accounts and notes

recelvable $($net$)$

Inventories

Prepaid expenses

Accounts pryable

$$415,000$

$170,000$

$310,000$

$700,000$

$44,000$

Notes payable $($short$-$term$)255,000$

Accrued expenses $285,000$

Required:

Compute $($a$)$ the working capital, $($b$)$ the colrent ratio, and $($c$)$ the quick ratio, Round ratios to one decimal place.

a$.$ Working capita

b$.$ Current ratio

c$.$ Quick ratio

Compute the working ratios to one decimal place.