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On june 30 2008 thorpe companys total current assets were

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On June 30, 2008, Thorpe Company's total current assets were $250,000 and its total current liabilities were $125,000. On July 1, 2008, Thorpe issued a long-term note to a bank for $25,000 cash.

Required

a. Compute Thorpe's working capital before and after issuing the note.

b. Compute Thorpe's current ratio before and after issuing the note.

Reference no: EM13574751

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