Question: Exercise 9-7 Working capital and current ratio LO 9-2 On June 30, 2018, Adams Companys total current assets were $497,000 and its total current liabilities

Exercise 9-7 Working capital and current ratio LO 9-2

On June 30, 2018, Adams Companys total current assets were $497,000 and its total current liabilities were $279,000. On July 1, 2018, Adams issued a long-term note to a bank for $39,600 cash.

Required

Compute Adamss working capital before and after issuing the note.

Compute Adamss current ratio before and after issuing the note. (Round your answers to 1 decimal place.)

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