Question: CH 9 Homework 3 Exercise 9-6 Working capital and current ratio LO 9-2 On June 30, 2018, Perez Company's total current assets were $498,500 and

CH 9 Homework 3 Exercise 9-6 Working capital and current ratio LO 9-2 On June 30, 2018, Perez Company's total current assets were $498,500 and its total current liabilities were $275,500. On July 1, 2018, Perez issued a short-term note to a bank for $41,600 cash. Required a. Compute Perez's working capital before and after issuing the note. b. Compute Perez's current ratio before and after issuing the note. (Round your answers to 2 decimal places.)

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