Evans, Inc., had current liabilities at April 30 of $120,500. The firms current ratio at that date was 1.8.

Required:

(a)

Calculate the firms current assets and working capital at April 30.

(b)

Assume that management paid $30,125 of accounts payable on April 29. Calculate the current ratio and working capital at April 30 as if the April 29 payment had not been made. (Round your current ratio answer to two decimal places.)

(c)	Indicate the changes, if any, to working capital and the current ratio that would be caused by the April 29 payment.