On June 30, Year 3, Finch Companys total current assets were $498,000 and its total current liabilities

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On June 30, Year 3, Finch Companys total current assets were $498,000 and its total current liabilities were $272,500. On July 1, Year 3, Finch issued a short-term note to a bank for $38,600 cash. Required a. Compute Finchs working capital before and after issuing the note. b. Compute Finchs current ratio before and after issuing the note.

Posted Date: May 18, 2024 09:06 PM

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On June 30, Year 3, Finch Companys total current assets were $498,000 and its total current liabilities

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