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Selected financial information for Munoz Company for Year 4 follows: 4 Sales Cost of goods sold Merchandise inventory Beginning of year End of year $1,800,000 1,260.000 159,000 191,000 Required Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during Year 4? (Round your answer to 2 decimal places.) Merchandise inventory turnover times On June 30, Year 3. Vernon Company's total current assets were $505,000 and its total current liabilities were $273,000. On July 1, Year 3, Vernon issued a short-term note to a bank for $40,000 cash. Required a. Compute Vernon's working capital before and after issuing the note. b. Compute Vernon's current ratio before and after issuing the note. (Round your answers to 2 decimal places.) Before the Transaction After the Transaction a. Working capital b. Current ratio