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3 On June 30, Year 3, Zachary Company's total current assets were $501,500 and its total current liabilities were $273,000. On July 1, Year 3,
3 On June 30, Year 3, Zachary Company's total current assets were $501,500 and its total current liabilities were $273,000. On July 1, Year 3, Zachary issued a short-term note to a bank for $38,400 cash. 1.66 points Required a. Compute Zachary's working capital before and after issuing the note. b. Compute Zachary's current ratio before and after issuing the note. (Round your answers to 2 decimal places.) 8 03:35:06 Before the transaction After the transaction eBook a. Working capital Current ratio b. Print References
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