Question: how is Current Ratio calculated for b through j? Working capital 894,500 Current ratio 2.10 Quick ratio 1.20 Compute the working capital, the current ratio,
Working capital 894,500 Current ratio 2.10 Quick ratio 1.20 Compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the app lumns. Consider each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place. ransaction Working Capital Current Ratio Quick Ratio . Sold marketable securities at no gain or loss, $75,000. 894,500 2.10 1.20 9. Paid accounts payable, $110,000 894,500 c. Purchased goods on account, $120,000. 894,500 d. Paid notes payable, $100,000. 894,500 e. Declared a cash dividend, $130,000. 764,500 f. Declared a common stock dividend on common stock, $35,000. 894,500 9. Borrowed cash from bank on a long-term note, $200,000, 1,094,500 h. Received cash on account, $115,000. 894,500 V 1. Issued additional shares of stock for cash. $570,000. 1,464,500 1. Paid cash for prepaid expenses. $15,000 894,500 Check My Work
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