- 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 63 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