Answer Happy

Effect of Transactions Data per to the current position of Lucray Industries Inc. Follow 5447,500 160.000 330,000 tento 700,000 Preps 40,000 Accounts 240,000 245,000 310,000 Regut 1. Corte(n) the current ratio, and (c) the quick to Round ratios to one decimal place Wong cumentat QUE 2. Concurrent ratio and the quick ratio after each of the following transactions and record the results in the appropriate Streysume that only that transaction fects the data given. Round ratios to one decimal place. Transaction Working Capital Current Ratio Quick Ratio Samantato gain or 580,000

1. Compute (a) the working capital, (b) the current ratio, and (c) the quick ratio Round ratios to one decimal place. . 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. Transaction Working Capital Current Ratio Quick Ratio a. Sold marketable securities at no gain or loss, $30,000 b. Paid accounts payable, $140,000 C. Purchased goods on account, $115,000 d. Paid notes payable, $115,000 e. Declared a cash dividend, $140,000 f. Decored a common stock dividend on common stock, $45,000. 9. Borrowed cash from bank on a long-term note, 5210,000, h. Received cash on account, $140,000 Issued additional shares of stock for casa, 5565,000 1. Pald cash for prepaid expenses, 514,000