Compute current ratio before and after issue of note

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On June 30, 2018, Gibson's company's total assets were 501,500 and its total current liabilities were 278,500. On July 1, 2018, issued a short term note a bank for 41,400 cash.

Question a. Compute the working capital before and after the issue of the note.

Question b. Compute current ratio before and after issue of note

Reference no: EM132467012

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