apter 14 Graded Assignments eBook Calculator Effect of transactions on current position analysis INCLOE Starting Question Final Question Instructions Data pertaining to the current position of Forte Company follow Cash Marketable securities Accounts and notes receivable (128t) Inventories $440,000 175,000 335,000 700,000 44,000 180,000 230,000 290,000 Prepaid expenses Accounts payable Notes payable (short-term) Accrued expenses 1. Compute (A) the working capital. () the current ratio, and (C) the quick ratio. Round ratios to one decimal place. 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 to one decimal place. Starting Question Final Question Instructions 1. Compute (A) the working capital (B) the current ratio, and (C) the quick ratio. Round ratios to one decimal place. 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 to one decimal place. A. Sold marketable securities at no gain or loss, 80,000 B. Paid accounts payable, 120,000 C. Purchased goods on account, 130,000 D. Paid notes payable, 105,000. E. Declared a cash dividend, 140,000 F Declared a common stock dividend on common stock, 50,000 G. Borrowed cash from bank on a long-term note, 200,000 H. Received cash on account, 140,000 Lissued additional shares of stock for cash, 595,000. J. Paid cash for prepaid expenses, 12,000. Instructions Starting Question Final Question Instructions Final Question Shaded cels have feedback. X Working Capital Current Ratio Quick Ratio Transaction ULL Points: 0/30 J. Palo cash or prepaid expensas em

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