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Exercise 13-7A (Algo) Working capital and current ratio LO 132 On June 30, Year 3, Finch Company's total current assets were $503,500 and its total

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Exercise 13-7A (Algo) Working capital and current ratio LO 132 On June 30, Year 3, Finch Company's total current assets were $503,500 and its total current labilities were $272,000, On July 1, Year 3. Finch issued a long term note to a bank for $39.800 cash. Required a. Compute Finch's working capital before and after issuing the note. b. Compute Finch's current ratio before and after issuing the note. Note: Round your answers to 1 decimal place

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