Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. are as follows: Cash Marketable securities Accounts and notes receivable (not) Inventories Prepaid expenses Accounts payable Notes payable (short-term) $427,500 190,000 350,000 700,000 40,000 230,000 235,000 290.000 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 $952,500 b. Current ratio 2.3 c. Quick 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 each transaction reparately and assume that only the Transaction Working Capital Current Ratio Quick Ratio a. Sold marketable securities at no gain or loss. 570.000. 952,500 b. Paid accounts payable $130.000. 952,500 Purchased goods on account, $105.000. 952,500 d. Peid notes payable, $115.000. 952,500 Declared a cash dividend. 5135.000 817,500 952,500 1,157,500 f. Declared a common stock dividend on common stock, 555,000. 9. Borrowed cash from bank on a long-term note, 5205,000. h. Received cash on account. $115,000. Issued additional shares of stock for cash. 5570,000. Pad cash for prepaid expenses 57,000. 952,500 1,522,500 952,500