5) Norsk Optronics, ALS of Bergen, Norway, has a current ratio of 2.5 on June 30,...

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5) Norsk Optronics, ALS of Bergen, Norway, has a current ratio of 2.5 on June 30, 2022. On that date, the company's assets were: Cash........... Accounts receivable (net)........ Inventory.... Prepaid expenses..... Plant equipment, (net)........ Total assets... $ 90,000 260,000 490,000 10,000 800,000 $1,650,000 a) What was the company's working capital on June 30? b) What was the company's acid-test ratio on June 30? c) The company paid an accounts payable of $40,000 immediately after June 30. 1. What effect did this transaction have on working capital? Show computations. 2. What effect did this transaction have on the current ratio? Show computations. SHOW PROOF!!! 5) Norsk Optronics, ALS of Bergen, Norway, has a current ratio of 2.5 on June 30, 2022. On that date, the company's assets were: Cash........... Accounts receivable (net)........ Inventory.... Prepaid expenses..... Plant equipment, (net)........ Total assets... $ 90,000 260,000 490,000 10,000 800,000 $1,650,000 a) What was the company's working capital on June 30? b) What was the company's acid-test ratio on June 30? c) The company paid an accounts payable of $40,000 immediately after June 30. 1. What effect did this transaction have on working capital? Show computations. 2. What effect did this transaction have on the current ratio? Show computations. SHOW PROOF!!!