Question: chapter 9 # 7 Exercise 9-6A (Algo) Working capital and current ratio LO 9-2 On June 30, Year 3, Jordan Company's total current assets were

chapter 9 # 7

Exercise 9-6A (Algo) Working capital and current ratio LO 9-2 On June 30, Year 3, Jordan Company's total current assets were $500,500 and its total current labaties were 527500 . On July 1, Year 3, Jordion issued a shorf-term note to a bank for $41.200 cash. Required a. Compute Jordan's working capital before and atter issuing the note. b. Compute Jordan's current ratio before and atter iswuing the note. (Round your answers to 2 decimal places.)

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