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

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Accounting

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Effect of Transactions on Current Position Analysis Data pertaining to the current position of Lucroy Industries Inc. are as follows: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Accounts payable Notes payable (short-term) Accrued expenses Required: 430,000 172,500 300,000 700,000 40,000 240,000 240,000 325,000 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 c. Quick ratio

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