Please help me solve these practice problems! Show work so I can solve the real

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Please help me solve these practice problems! Show work so I can solve the real problems! Thank you in advance!

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 Cash Accounts receivable, net Inventory Prepaid expenses Plant and equipment, net S 74,000 430,000 680,000 10,000 1,810,000 Total assets S3,004,000 Required: 1. What was the company's working capital on June 30? 2. What was the company's acid-test ratio on June 30? (Round your answer to 2 decimal places.) ratio 3. The company paid an account payable of $38,000 immediately after June 30 a. What effect did this transaction have on working capital? Working capital would increase Working capital would dearease Working capital would not be affected. b. What effect did this transaction have on the current ratio? Current ratio would increase Current ratio would decrease. Current ratio would not be affected

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Please help me solve these practice problems! Show work so I can solve the real

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