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
Data pertaining to the current position of Lucroy IndustriesInc. follow:
Required:
1. Compute (a) the working capital,(b) the current ratio, and (c) the quickratio. Round ratios to one decimal place.
2. Compute the working capital, thecurrent ratio, and the quick ratio after each of the followingtransactions and record the results in the appropriatecolumns. Consider each transactionseparately and assume that only that transaction affectsthe data given. Round ratios to one decimalplace.