Exercise 14-12 (Algo) Selected Financial Measures for Assessing Liquidity [LO14-2] Norsk Optronics, ALS, of Bergen, Norway, had a current ratio of 2 on June 30 of the current year. On that date, the company's assets were: 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 $42,000 immediately after June 30 . a. What effect did this transaction have on working capital? b. What effect did this transoction have on the current ratio? (Round your intermediate calculations to 1 decimal place.)