On June 30, Year 3, Franza Companys total current assets were $900,000 and its total current liabilities

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On June 30, Year 3, Franza Companys total current assets were $900,000 and its total current liabilities were $360,000 On July 1, Year 3, Franza issued a short term note to a bank for $72,000 cash Required

a Compute Franzas working capital before and after issuing the note

b Compute Franzas current ratio before and after issuing the note (Round your answers to 2 decimal places)

Related Book For answer-question

Fundamental Managerial Accounting Concepts

ISBN: 978-1259569197

8th edition

Authors: Thomas Edmonds, Christopher Edmonds, Bor-Yi Tsay, Philip Olds

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Posted Date: Sep 16, 2020 06:15 AM

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On June 30, Year 3, Franza Companys total current assets were $900,000 and its total current liabilities

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ACalculation of working capital and current ratio before the transaction As on June 302018 Before th... View the full answer

Fundamental Managerial Accounting Concepts

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