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Norsk Optronlcs, ALS, of Bergen, Norway, had a current ratlo of 4 on June 30...

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Question

Accounting

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:
What was the company's working capital on June 30?
What was the company's acld-test ratio on June 30?(Round your answer to 2 decimal places.)
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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