Module 4 Textbook Problem 2 Learning Objective: 4-2 Calculate ratios for assessing a company's liquidity Selected financial Information for Campbell Company for Year 4 follows: Sales Cost of goods sold Merchandise inventory Beginning of year End of year $2,200,000 1,540,000 157,000 192,000 Required Assuming that the merchandise Inventory buildup was relatively constant, how many times did the merchandise Inventory turn over during Year 4? (Round your answer to 2 decimal places.) Merchandise inventory turnover times Problem: Module 4 Textbook Problem 3 Learning Objective: 4-2 Calculate ratios for assessing a company's liquidity On June 30, Year 3, Vernon Company's total current assets were $499,000 and its total current liabilities were $280,000. On July 1, Year 3, Vernon Issued a short-term note to a bank for $41,600 cash. Required a. Compute Vernon's working capital before and after Issuing the note. b. Compute Vernon's current ratio before and after Issuing the note. (Round your answers to 2 decimal places.) Before the transaction After the transaction a. Working capital b. Current ratio