Norsk Optronics, ALS, of Bergen, Norway, had a current ratio of 2 on June 30 of the current year. On that date, the companys assets were:

Cash	$ 73,000
Accounts receivable, net	430,000
Inventory	710,000
Prepaid expenses	9,000
Plant and equipment, net	1,820,000
Total assets	$ 3,042,000

Required:

1. What was the companys working capital on June 30?

2. What was the companys acid-test ratio on June 30? (Round your answer to 2 decimal places.)