Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $435,000 Marketable securities 185,000 Accounts and notes receivable (net) 310,000 Inventories 750,000 Prepaid expenses 46,000 230,000 Accounts payable Notes payable (short-term) 240,000 285,000 Accrued expenses Reus 1. Compute to the working capit. (bthe current rate, and (c) the quick rate. Round ration to one decimal place. . Working capital b. Current ratio Quick to 2. Convie the working at the current ratio, and the vick ratio fer each of the following transactions and record the results in the appropriate columns Considerech transaction separately and sume that only that transaction affects the data gen. Round ratios to one decimal place. Transaction Working Capital Current Ratio Quick Ratio Sold martable securities at regner loss, $80,000 b. Paid accounts payah, 1110,000 Purchased goods count. 115,000 Paidots payabi, 5115,000 Declared a cash dividend, $150,000 f. Declared a common stock dividend on common ock, $30,000 9. Borrowed cash from bank on a long-term e, 3230,000 h. Received cash on account, $110.000 Issued additional shares of stock for cash, 5615,000 3. Pald cash for prepaid expenses, 510,000 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 $2,160,925 $2,561,175 560,000 442,600 Retained earnings, January 1 Net Income Dividends: On preferred stock On common stock Retained earnings, December 31 (7,700) (34,650) $3,078,825 (7,700) (34,650) $2,561,175 > Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2012 20Y1 Sales $3,141,620 Cost of merchandise sold 1,090,680 Gross profit $2,050,940 $3,409,830 1,185,520 $2,224,310 $755,640 643,690 $1,399,330 Selling expenses $918,410 Administrative expenses 539,390 Total operating expenses $1,457,800 Income from operations $824,980 $593,140 Other revenue and expense: 43,420 37,860 Other revenue Other expense (interest) Income before income tax expense (232,000) $636,400 76,400 (128,000) $503,000 Income tax expense 60,400 Net income $560,000 $442,600 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 20Y1 2012 20Y1 Assets Current assets: Cash $685,950 $490,360 812,590 Marketable securities 1,038,190 Accounts receivable (net) 649,700 613,200 Inventories 481,800 365,000 Prepaid expenses 129,778 98,070 Total current assets $2,985,418 $2,379,220 1,916,350 552,749 Long-term investments Property, plant, and equipment (net) 3,190,000 2,871,000 Total assets $8,091,768 $5,802,969 Liabilities $932,943 $461,794 Current liabilities $0 Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities $1,300,000 1,600,000 1,600,000 $1,600,000 $2,900,000 Total liabilities $3,832,943 $2,061,794 Stockholders' Equity $550,000 Preferred $0.70 stock, $50 par Common stock, $10 par $550,000 630,000 3,078,825 630,000 2,561,175 Retained earnings Total stockholders' equity $4,258,825 $3,741,175 Total liabilities and stockholders' equity $8,091,768 $5,802,969 Mequired Determine the follow measures for 2002, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cont. Use the rounded answer of the requirement for subsequent requirement, required. Assure365 days a year 2. Current une 3. Quiero days 7. Sumber Rate of them 9. bhd 10. 13. deity 15. to 16. Pas 17. Den er of stock 18. Dividend yield Data pertaining to the current position of Lucroy Industries Inc. follow: Cash $435,000 Marketable securities 185,000 Accounts and notes receivable (net) 310,000 Inventories 750,000 Prepaid expenses 46,000 230,000 Accounts payable Notes payable (short-term) 240,000 285,000 Accrued expenses Reus 1. Compute to the working capit. (bthe current rate, and (c) the quick rate. Round ration to one decimal place. . Working capital b. Current ratio Quick to 2. Convie the working at the current ratio, and the vick ratio fer each of the following transactions and record the results in the appropriate columns Considerech transaction separately and sume that only that transaction affects the data gen. Round ratios to one decimal place. Transaction Working Capital Current Ratio Quick Ratio Sold martable securities at regner loss, $80,000 b. Paid accounts payah, 1110,000 Purchased goods count. 115,000 Paidots payabi, 5115,000 Declared a cash dividend, $150,000 f. Declared a common stock dividend on common ock, $30,000 9. Borrowed cash from bank on a long-term e, 3230,000 h. Received cash on account, $110.000 Issued additional shares of stock for cash, 5615,000 3. Pald cash for prepaid expenses, 510,000 Marshall Inc. Comparative Retained Earnings Statement For the Years Ended December 31, 20Y2 and 20Y1 20Y2 20Y1 $2,160,925 $2,561,175 560,000 442,600 Retained earnings, January 1 Net Income Dividends: On preferred stock On common stock Retained earnings, December 31 (7,700) (34,650) $3,078,825 (7,700) (34,650) $2,561,175 > Marshall Inc. Comparative Income Statement For the Years Ended December 31, 20Y2 and 2041 2012 20Y1 Sales $3,141,620 Cost of merchandise sold 1,090,680 Gross profit $2,050,940 $3,409,830 1,185,520 $2,224,310 $755,640 643,690 $1,399,330 Selling expenses $918,410 Administrative expenses 539,390 Total operating expenses $1,457,800 Income from operations $824,980 $593,140 Other revenue and expense: 43,420 37,860 Other revenue Other expense (interest) Income before income tax expense (232,000) $636,400 76,400 (128,000) $503,000 Income tax expense 60,400 Net income $560,000 $442,600 Marshall Inc. Comparative Balance Sheet December 31, 2012 and 20Y1 2012 20Y1 Assets Current assets: Cash $685,950 $490,360 812,590 Marketable securities 1,038,190 Accounts receivable (net) 649,700 613,200 Inventories 481,800 365,000 Prepaid expenses 129,778 98,070 Total current assets $2,985,418 $2,379,220 1,916,350 552,749 Long-term investments Property, plant, and equipment (net) 3,190,000 2,871,000 Total assets $8,091,768 $5,802,969 Liabilities $932,943 $461,794 Current liabilities $0 Long-term liabilities: Mortgage note payable, 8% Bonds payable, 8% Total long-term liabilities $1,300,000 1,600,000 1,600,000 $1,600,000 $2,900,000 Total liabilities $3,832,943 $2,061,794 Stockholders' Equity $550,000 Preferred $0.70 stock, $50 par Common stock, $10 par $550,000 630,000 3,078,825 630,000 2,561,175 Retained earnings Total stockholders' equity $4,258,825 $3,741,175 Total liabilities and stockholders' equity $8,091,768 $5,802,969 Mequired Determine the follow measures for 2002, rounding to one decimal place, except for dollar amounts, which should be rounded to the nearest cont. Use the rounded answer of the requirement for subsequent requirement, required. Assure365 days a year 2. Current une 3. Quiero days 7. Sumber Rate of them 9. bhd 10. 13. deity 15. to 16. Pas 17. Den er of stock 18. Dividend yield