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6 On June 30, Year 3, Thornton Company's total current assets were $499,000 and its tota Year 3, Thornton issued a long-term note to a

6 On June 30, Year 3, Thornton Company's total current assets were $499,000 and its tota Year 3, Thornton issued a long-term note to a bank for $40,200 cash. Required a. Compute Thornton's working capital before and after issuing the note. b. Compute Thornton's current ratio before and after issuing the note. Note: Round your answers to 1 decimal place. a. Working capital b. Current ratio pr AKNANYAKA Before the transaction After the transaction
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