Norsk Optronics, ALS, of Bergen, Norway, had a current ratio of 4 on June 30 of the current year. On that date, the companys assets were:

Cash	$ 78,000
Accounts receivable, net	380,000
Inventory	750,000
Prepaid expenses	10,000
Plant and equipment, net	1,820,000
Total assets	$ 3,038,000

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.)

3. The company paid an account payable of $41,000 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? (Round your intermediate calculations to 1 decimal place.)