Ch 16 MW Swed Help Save & Et Submit 3 Norsk Optronics, ALS, of Bergen, Norway, had a current ratio of 2 on June 30 of th

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Ch 16 Mw Swed Help Save Et Submit 3 Norsk Optronics Als Of Bergen Norway Had A Current Ratio Of 2 On June 30 Of Th 1 (28.54 KiB) Viewed 62 times

Ch 16 MW Swed Help Save & Et Submit 3 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: 2 points Canh Accounts receivable, bet Inventory Prepaid expenses Plant and equipment, et Total sust 5 66,000 380.000 940,000 9.000 1,260.000 $ 2,955,000 OSOT Required: 1 What was the company's working capital on June 302 2. What was the company's acid-test ratio on June 307 (Round your answer to 2 decimal places.) 3. The company paid an account payable of $47.000 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.) Ask 1. Working capital 2. Acid-test ratio 30 Effect on working capital 36. Effect on current ratio