On June 30, Year 3, Rundle Company's total current assets were $499,000 and its total current...

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On June 30, Year 3, Rundle Company's total current assets were $499,000 and its total current liabilities were $279,000. On July 1, Year 3, Rundle issued a short-term note to a bank for $39,600 cash. Required a. Compute Rundle's working capital before and after issuing the note.. b. Compute Rundle's current ratio before and after issuing the note. Note: Round your answers to 2 decimal places. a. Working capital. b. Current ratio Before the Transaction After the Transaction es The balance sheet for Gibson Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities. Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity Required Compute the following. Note: Round ratios to 1 decimal place. Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio % $ 238,000 765,000 $ 1,003,000 $ 146,000 452,000 598,000 405,000 $ 1,003,000 On June 30, Year 3, Rundle Company's total current assets were $499,000 and its total current liabilities were $279,000. On July 1, Year 3, Rundle issued a short-term note to a bank for $39,600 cash. Required a. Compute Rundle's working capital before and after issuing the note.. b. Compute Rundle's current ratio before and after issuing the note. Note: Round your answers to 2 decimal places. a. Working capital. b. Current ratio Before the Transaction After the Transaction es The balance sheet for Gibson Corporation follows: Current assets Long-term assets (net) Total assets Current liabilities Long-term liabilities. Total liabilities Common stock and retained earnings Total liabilities and stockholders' equity Required Compute the following. Note: Round ratios to 1 decimal place. Working capital Current ratio Debt-to-assets ratio Debt-to-equity ratio % $ 238,000 765,000 $ 1,003,000 $ 146,000 452,000 598,000 405,000 $ 1,003,000