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Norsk Oplrcuics, ALS, of Bergen, Norway. had a current ratio of 2 on June 3 0 of the current year, On that dote, the company's
Norsk Oplrcuics, ALS, of Bergen, Norway. had a current ratio of on June of the current year, On that dote, the company's assets were:
Cuish
Accounts necelvable. fiet
Inventary
Prepaid expenses
Plant and equipnent, ret
Total asspte.
Required:
What was the company's working capital on June
What was the company's acidtest ratio on June Round your answer to decimal pleces.
The company paid an account payable of $ imnecliat
a What effect did this transaction have on warking tapita?
b What effect did this transaction have on the current ratio? Round your inrermediate calculations to decimal place.
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