Check my work 7 Norsk Optronics, ALS, of Bergen, Norway, had a current ratio of 4 on June 30 of the current year. On that date, the company's assets were: 8.33 points Skipped Cash Accounts receivable, net Inventory Prepaid expenses Plant and equipment, net Total assets 72,000 380,000 660,000 9,000 1,880,000 $3,001,000 eBook Hint Required: 1. What was the company's working capital on June 30? 2. What was the company's acid-test ratio on June 30? (Round your answer to 2 decimal places.) 3. The company paid an account payable of $47,000 immediately after June 30. a. What effect did this transaction have on working capital? b. What effect did this transaction have on the current ratio? (Round your intermediate calculations to 1 decimal place.) Print References 1. Working capital 2. Acid-test ratio Effect on working capital 3b. Effect on current ratio