Exercise 3-15 (Algo) Effect of transactions on working capital and current ratio LO 6 Jay Oulette, CEO of Bumper to Bumper inc, anticipates that his company's year end balance sheet will show current assets of $12.693 and current labies of $7610 Outlete has asked your advice concerning a possible early payment of $3.870 of accounts payable before year end, even though payment isn't due until later Required Calculate the firm's working capital and current ratio under each situation Assume that Bumper to Bumper had negotiated a short-term bank loan of $6.000 that can be drawn down ether before or after the end of the year Calculate working capital and the cument ratio at year end under each situation, assuming that early payment of accounts payable is not made. When would you recommend that the loan be taken Complete this question by entering your answers in the tabe below. Ciculate the firm's working capital and current ratu under sach station (Round Current ratanowers to 1 decima Working pa Current Required St