Directions: Computer the following ratios based on the information provided a) Sales $750,000 Cost of Goods Sold 473000 Merchandise Inventory Beginning of year 40000 End of Year 44000 Merchandise Inventory Turnover b) June 30,2018 Total Assets are $650,000 June 30, 2018 Current Liabilities are $250,000 Issued long term note to the bank for $80,000 cash Before the Transaction After the Transaction 1 Working Capital $400,000 $480,000 2 Current Ratio