On June 30, 2014, Freeman Companys total current assets were $800,000 and its total current liabilities were
Question:
Required
a. Compute Freeman’s working capital before and after issuing the note.
b. Compute Freeman’s current ratio before and after issuing the note. Round ratios to two decimal points.
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a Working capital before the transaction Current assets Current liabilities 800...View the full answer
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Related Book For 
Fundamental Managerial Accounting Concepts
ISBN: 978-0078025655
7th edition
Authors: Thomas Edmonds, Christopher Edmonds, Bor Yi Tsay, Philip Old
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