Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. fo

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Effect of Transactions on Current Position Analysis Datapertaining to the current position of Lucroy Industries Inc.follow: Cash $432,500 Marketable securities 172,500 Accounts andnotes receivable (net) 350,000 Inventories 700,000 Prepaid expenses48,000 Accounts payable 200,000 Notes payable (short-term) 250,000Accrued expenses 320,000 Required: 1. Compute (a) the workingcapital, (b) the current ratio, and (c) the quick ratio. Roundratios to one decimal place. a. Working capital $fill in the blank1 933,000 b. Current ratio fills in the blank 2 2.21 c. Quick ratiofills in the blank 3 1.24 2. Compute the working capital, thecurrent ratio, and the quick ratio after each of the followingtransactions and record the results in the appropriate columns.Consider each transaction separately and assume that only thattransaction affects the data given. Round ratios to one decimalplace. Transaction Working Capital Current Ratio Quick Ratio a.Sold marketable securities at no gain or loss, $50,000. $fill inthe blank 4 fill in the blank 5 fill in the blank 6 b. Paidaccounts payable, $140,000. $fill in the blank 7 fill in the blank8 fill in the blank 9 c. Purchased goods on account, $125,000.$fill in the blank 10 fill in the blank 11 fill in the blank 12 d.Paid notes payable, $120,000. $fill in the blank 13 fill in theblank 14 fill in the blank 15 e. Declared a cash dividend,$155,000. $fill in the blank 16 fill in the blank 17 fill in theblank 18 f. Declared a common stock dividend on the common stock,$55,000. $fill in the blank 19 fill in the 20 fill in the blank 21g. Borrowed cash from the bank on a long-term note, $205,000. $fillin the blank 22 fill in the blank 23 fill in the blank 24 h.Received cash on account, $135,000. $fill in the blank 25 fill inthe blank 26 fill in the blank 27 i. We issued additional shares ofstock for cash, $585,000. $fill in the blank 28 fill in the 29 fillin the blank 30 j. Paid cash for prepaid expenses, $13,000.