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Norsk Optronics, ALS of Bergen, Norway, had a current ratio of 4 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 4 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 Total assets $ 440.000 710,000 11,000 1.870,000 $3.095.000 . 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 $45.000 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 12 Addrest ratio a Effect on working capital beton current
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