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.