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Compute zachary working capital before and after issuing

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Reference no: EM132657421

On June 30, 2018, Zachary Company's total current assets were $505,000 and its total current liabilities were $274,000. On July 1, 2018, Zachary issued a long-term note to a bank for $41,000 cash.

Required

Problem 1: Compute Zachary's working capital before and after issuing the note.

Problem 2: Compute Zachary's current ratio before and after issuing the note. (Round your answers to 1 decimal place.)

Reference no: EM132657421

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