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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
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 equipment, net $ 70,000 460,000 730,000 11,000 1,830,000 Total assets $3,101,000 Required: 1. What was the company's working capital on June 30? Working capital 2. What was the company's acid-test ratio on June 30? (Round your answer to 2 decimal places.) Acid-test ratio
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