Question: On June 3 0 , Year 3 , Stuart Company s total current assets were $ 5 0 4 , 0 0 0 and its

On June 30, Year 3, Stuart Companys total current assets were $504,000 and its total current liabilities were $278,500. On July 1, Year 3, Stuart issued a short-term note to a bank for $38,200 cash.
Required
Compute Stuarts working capital before and after issuing the note.
Compute Stuarts current ratio before and after issuing the note

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