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Data pertaining to the current position of Forte Company follow: Cash Marketable securities Accounts and notes receivable (net) $447,500 180,000 325,000 700,000 Inventories 46,000 Prepaid expenses Accounts payable Notes payable (short-term) 210,000 240,000 Accrued expenses 300,000 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 of the table provided. Consider each transaction separately and assume that only that transaction affects the data given. Round ratios to one decimal place. A. Sold marketable securities at no gain or loss, $60,000. B. Paid accounts payable, $135,000. C. Purchased goods on account, $105,000. D. Paid notes payable, $100,000. E. Declared a cash dividend, $140,000. F Declared a common stock dividend on common stock, $30,000. G. Borrowed cash from bank on a long-term note, $200,000. H. Received cash on account, $135,000. Issued additional shares of stock for cash, $610,000. J. Paid cash for prepaid expenses, $14,000. I. 1. Compute the following. 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 of the table provided. 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. B. C. $ D. $ E. F. G. H. 1. J

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