Data pertaining to the current position of Forte Company are as follows: Cash $412,500 Marketable securities 187,500 Accounts and notes receivable (net) 300,000 Inventories 700,000 Prepaid expenses...


Data pertaining to the current position of Forte Company are as follows:



Cash      $412,500


Marketable securities    187,500


Accounts and notes receivable (net)        300,000


Inventories         700,000


Prepaid expenses            50,000


Accounts payable             200,000


Notes payable (short-term)         250,000


Accrued expenses           300,000



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.





D. Paid notes payable, $100,000.

E. Declared a cash dividend, $150,000.

F. Declared a common stock dividend on common stock, $50,000.












































Jun 09, 2022
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