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Compute aksarbens working capital before paying

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Reference no: EM132119080

Question - On December 31, 2012, Aksarben Company's total current assets were $300,000 and its total current liabilities were $170,000. On January 1, 2013, Aksarben paid $10,000 on accounts payable.

Required:

a) Compute Aksarben's working capital before and after paying the account payable.

b) Compute Aksarben's current ratio before and after paying the account payable. Show all work to receive full credit.

Reference no: EM132119080

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