Question: Exercise 9-7 Working capital and current ratio LO 9-2 On June 30, 2018, Benson Company's total current assets were $503,500 and its total current liabilities

Exercise 9-7 Working capital and current ratio LO 9-2 On June 30, 2018, Benson Company's total current assets were $503,500 and its total current liabilities were $278,000. On July 1, 2018, Benson issued a long-term note to a bank for $39,400 cash. Required a. Compute Benson's working capital before and after issuing the note b. Compute Benson's current ratio before and after issuing the note. (Round your answers to 1 decimal place.) Before the After the transaction transaction a. Working Capital b. Current Ratio

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