On December 31, 2011, Alcon Company's Total Current Assets Were

Essay

On December 31, 2011, Alcon Company's total current assets were $300,000 and its total current liabilities were $180,000. On January 1, 2012, Alcon paid $10,000 on accounts payable.
Required:
(a) Compute Alcon's working capital before and after paying the account payable.
(b) Compute Alcon's current ratio before and after paying the account payable.