Weddle X > 01 Ch 17 HOMEWORK Pr 17-3B www.n X Marketable securities Accounts and notes receivable (net) Inventories Effect of Transactions on Current Position Analysis Data pertaining to the

current position of Lucroy Industries Inc. follow: Cash $412,500 167,500 330,000 700,000 50,000 190,000 260,000 325,000 Prepaid expenses Accounts payable Notes payable (short-term) Accrued expenses Required: US hea x Play Jui 47°F Sunny I v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=assignments&takeAssignmentSession Locator=assignment-take&inprogress=false Check My Work 0 more Check My Work uses remaining. Assignment Score: 15.15% 1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. Round ratios to one decimal place. a. Working capital $ 885,000 b. Current ratio X 2.1 Mail- X 1.2 Q Search nfc no X ChatGF X PRE 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 a. Sold marketable securities at no gain or loss, $75,000. b. Paid accounts payable, $105,000. c. Purchased goods on account, $135,000. d. Paid notes payable, $120,000. Current Ratio (412,00 X W 17 Cenga x Quick Ratio A Studen X On how to X + ח Email Instructor Save and Exit Submit Assignment for Grading 4x O 9:04 PM 2/23/2024 X 2. Weddle X > Ch 17 HOMEWORK Pr 17-3B www.n X Tepala expenses Accounts payable Notes payable (short-term) Accrued expenses Required: US hea x Play Jui X 47°F Sunny v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=assignments&takeAssignmentSession Locator=assignment-take&inprogress=false 200 190,000 260,000 325,000 Assignment Score: 15.15% 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 885,000 Check My Work 0 more Check My Work uses remaining. 2.1 a. Sold marketable securities at no gain or loss, $75,000. b. Paid accounts payable, $105,000. c. Purchased goods on account, $135,000. d. Paid notes payable, $120,000. e. Declared a cash dividend, $140,000. f. Declared a common stock dividend on common stock, $45,000. g. Borrowed cash from bank on a long-term note, $200,000. h. Received cash on account, $145,000. i. Issued additional shares of stock for cash, $550,000. j. Paid cash for prepaid expenses, $15,000. 1.2 Mail- X Q Search PRE 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 $ nfc no X $ 00000⁰ $ ChatGF X $ $ Current Ratio 1.9 2.1 (412,00 X W 17 Cenga x Quick Ratio A Studen X On Email Instr Wedxx15k xxx M x Ch 17 HOMEWORK Fr 17-38 Entrance on Cunet Potie Aaysi Dandards frien Cach how to Mystis Ivar Letisk Prod Required 04:2,500 11 700,000 30,000 T X 260.002 323.099 + 1. Camry the way the tweetheque Round rahos to one decimal place Snipping Tool 2. Coming catel, the currente, and the sick to schooling tetenca record the out in the apororits cola Cedera ly he send ration to or desial pl ensartan Working Capital Current Qua Screenshot copied to clipboard and saved Select here to mark up and share. ח 4x O 9:04 PM 2/23/2024 X C. !