Question: Module 4 Textbook Problem 4 Learning Objective: 4-2 Calculate ratios for assessing a company's liquidity On June 30, Year 3, Finch Company's total current assets

Module 4 Textbook Problem 4 Learning Objective: 4-2 Calculate ratios for assessing a company's liquidity On June 30, Year 3, Finch Company's total current assets were $504,500 and its total current liabilities were $273,000. On July 1, Year 3, Finch issued a long-term note to a bank for $40,000 cash. Required a. Compute Finch's working capital before and after issuing the note. b. Compute Finch's current ratio before and after issuing the note. (Round your answers to 1 decimal place.) a. Working capital b. Current ratio Before the transaction After the transaction

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