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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

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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: Cash Accounts receivable, net Inventory Prepaid expenses Plant and equipsent. net Total assets 5 69,000 400,000 740,000 11.000 1,890,000 $3,110,000 Required: 1 What was the company's working capital on June 307 2. What was the company's acid-test ratio on June 307 (Round your answer to 2 decimal places.) 3. The company paid an account payable of $43,000 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.) 1. Working capital 2. Acid ratio . Effect on working capital 3b. Eect on Ourrent ratio

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