Business, 25.04.2020 01:34, jaffeisabel

On June 30, 2018, Franza Company’s total current assets were $900,000 and its total current liabilities were $360,000. On July 1, 2018, Franza issued a short-term note to a bank for $72,000 cash. Required Compute Franza’s working capital before and after issuing the note. Compute Franza’s current ratio before and after issuing the note. (Round your answers to 2 decimal places.)

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On June 30, 2018, Franza Company’s total current assets were $900,000 and its total current liabilit...