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

Problem: Module 4 Textbook Problem 4 Learning Objective: 4-2 Calculate ratios

Problem: Module 4 Textbook Problem 4 Learning Objective: 4-2 Calculate ratios for assessing a company's liquidity On June 30, Year 3, Baird Company's total current assets were $497,000 and its total current liabilities were $279,500. On July 1, Year 3, Baird issued a long-term note to a bank for $41,400 cash. Required a. Compute Baird's working capital before and after issuing the note. b. Compute Baird's current ratio before and after issuing the note. (Round your answers to 1 decimal place.) Before the transaction After the transaction a. Working capital Current ratio b

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