Norsk Optronics, ALS, of Bergen, Norway, had a current ratio of 4 on June 3 0 of
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Question:
Norsk Optronics, ALS, of Bergen, Norway, had a current ratio of on June of the current year. On that date, the companys assets were:
Cash $
Accounts receivable, net
Inventory
Prepaid expenses
Plant and equipment, net
Total assets $
Required:
What was the companys working capital on June
What was the companys acidtest ratio on June Round your answer to decimal places.
The company paid an account payable of $ immediately after June
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 decimal place.
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