Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc, follow: Cash $430,000 Marketable securities 175,000 Accounts and notes receivable (net) 315,000 Inventories 700,000 Prepaid expenses 40,000 Accounts payable 180.000 Notes payable (short-term) 255,000 Accrued expenses 300,000 Required: und ratios to one decimal place. 1. Compute () the working capital, (b) the current robo, and (c) the quick ratio . Working capital b. Current ratio 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 each transaction separately and assume that only that transaction affects the data on Round ratios to one decimal place Transaction Working Capital Current Ratio Quick Ratio - Sold marketable securities at no gain or loss, $80.000 D. Paid accounts payable, $110,000 Purchased goods on account, $115.000 Previous N 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 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, $80,000 b. Paid accounts payable, $110,000 c Purchased goods on account, $115,000 d. Paid notes payable, $105,000 e. Declared a cash dividend. $150.000, 1. Declared a common stock dividend on common stock, $45,000. Borrowed cash from bank on a long-term note, $210,000 h. Received cash on account, $130,000 Issued additional shares of stock for cash, 5580,000 Paid cash for prepaid expenses, $15,000 Cha 1 a for working capital, subtract current liabilities from current assets D. For the current ratio divide current assets by. Current Rates c. For the quick ratio, divide quick, eats by current . Quid sets are cal marketablertes, and receivables Duck My Work Save and Submit Assignment for Grading