Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $435,000 Marketable securities 185,000 Accounts and notes receivable (net) 310,000 Inventories 750,000 Prepaid expenses 46,000 Accounts payable 230,000 Notes payable (short-term) 240,000 Actrued expenses 285,000 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