PR 17-3B Eff of transactions on current position analysis OBJ.2 ect bata pertaining to the...
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PR 17-3B Eff of transactions on current position analysis OBJ.2 ect bata 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 800,000 550,000 850,000 700,000 300,000 1,200,000 700,000 100,000 Instructions 1. Compute Ga) the working capital, (o) the current ratio, and () the quick ratio. Round to one decimal place. 2. List the following captions on a sheet of paper: Transaction Working Capital Current Ratio Quick Ratio ompute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate each transaction separately and assume that only that transaction affects the data given. Round to one decimal place. columns. Consider
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