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02.02 On June 30, Year 3, Jordan Company's total current assets were $502,500 and its total current liabilities were $275,500. On July 1, Year
02.02 On June 30, Year 3, Jordan Company's total current assets were $502,500 and its total current liabilities were $275,500. On July 1, Year 3, Jordan issued a short-term note to a bank for $39,600 cash Required: a. Compute Jordan's working capital before and after issuing the note b. Compute Jordan's current ratio before and after issuing the note. (Round your answers to 2 decimal places.) Before the transaction Alter the ansaction Working capital Current ratio $ 227,000 1.82 ces 4 Check my wor
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