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Required: 1. What was the company's working capital on June 30 ? (Omit the $ sign in your response.) 2. What was the company's acid-test

image text in transcribed Required: 1. What was the company's working capital on June 30 ? (Omit the "\$" sign in your response.) 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 $100,000 immediately after June 30 . a. What effect did this transaction have on working capital? Working capital would increase. Working capital would decrease. Working capital would not be affected. b. What effect did this transaction have on the current ratio? Current ratio would increase. Current ratio would decrease. Current ratio would not be affected

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