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Norsk Optronlcs, ALS, of Bergen, Norway, had a current ratlo of 4 on June 30 of the current year. On that date, the company's assets
Norsk Optronlcs, ALS, of Bergen, Norway, had a current ratlo of 4 on June 30 of the current year. On that date, the company's assets were: Required: 1. What was the company's working capltal on June 30 ? 2. What was the company's acld-test ratlo on June 30 ? (Round your answer to 2 decimal places.) 3. The company pald an account payable of $41,000 Immedlately after June 30 . a. What effect did this transaction have on working capltal? b. What effect did this transaction have on the current ratio? (Round your Intermedlate calculations to 1 decimal place.)
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