Norsk Optronics, ALS, of Bergen, Norway, had a current ratio of 2.5 on June 30 of the current year. On that date, the company's assets were Recounts receivable, net Teventory Prepaid expenses plant and equipment, et Total asset 90,000 260,000 490,000 10.000 800,000 $1,650.000 Required: 1. What was the company's working capital on June 30? 2. What was the company's acid-test ratio on June 30? (Round your answer to 2 decimal places.) 3. The company paid an account payable of $40,000 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? 1. Working capital 2 Acid-testato Isa Etect on working capital 3 Elect on current ratio