led Exercises/Problems Assi... Norsk Optronics had a current ratio of 4 on June 30 of the current year On that date, the company's as- Cash Accounts receivable, net Inventory Prepaid expenses Plant and equipment, net Total assets saved $ 77,000 390.000 710,000 11,099 1,729,000 $ 2,908,000 Required: 1. What was the company's working capital on June 30? 2. What was the company's acid-test ratio on June 30? Note: Round your answer to 2 decimal places. 1. Working capital 2. Acid-test ratio 3a. Effect on working capital 3b. Effect on current ratio 3. The company pald 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? Note: Round your Intermediate calculations to 1 decimal place.

Norsk Optronics had a current ratio of 4 on June 30 of the current year: On that date the company's as Required: 1. What was the company's working capital on June 30 ? 2. What was the company's acid-test ratio on june 30 ? Note: Round your answer to 2 decimal places. 3. The company pald an account payable of $47,000 immedlately after June 30 . a. What effect did this transaction have on working capltal? b. What effect did this transaction have on the current ratio? Note: Round your intermedlate calculations to 1 decimal place