Question: please help Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucray Industries Inc. follow: Cash Marketable securities Accounts and

please help
please help Effect of Transactions on Current Position Analysis Data pertaining to
the current position of Lucray Industries Inc. follow: Cash Marketable securities Accounts

Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucray Industries Inc. follow: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Accounts payable Notes payable (short-term) Accrued expenses Required: $425,000 187,500 305,000 700,000 44,000 180,000 250,000 325,000 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios to one decimal place. a. 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. Consider each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place. Working Capital Current Ratio Transaction a Sold marketable securities at no gain or loss, $80,000. b. Paid accounts payable, $135,000. c. Purchased goods on account, $130,000. Quick Ratio 250,000 325,000 Notes payable (short-term) 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 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. Consider each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place. Working Capital Current Ratio Quick Ratio Transaction a. Sold marketable securities at no gain or loss, $80,000. b. Paid accounts payable, $135,000. c. Purchased goods on account, $130,000. d. Paid notes payable, $105,000. e. Declared a cash dividend, $160,000. f. Declared a common stock dividend on common stock, $60,000. 9. Borrowed cash from bank on a long-term.note, $205,000 h. Received cash on account, $145,000. i. Issued additional shares of stock for cash, $550,000. 1 Paid cash for prepaid expenses, $9,000

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