Exercise 9-7A (Algo) Working capital and current ratio LO 9-2 On June 30, Year 3, Benson...

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Exercise 9-7A (Algo) Working capital and current ratio LO 9-2 On June 30, Year 3, Benson Company's total current assets were $504,500 and its total current liabilities were $275,000. On July 1, Year 3, Benson Issued a long-term note to a bank for $41,000 cash. Required a. Compute Benson's working capital before and after Issuing the note. b. Compute Benson's current ratio before and after issuing the note. (Round your answers to 1 decimal place.) Before the transaction After the transaction a Working capital b Current ratio: Exercise 9-7A (Algo) Working capital and current ratio LO 9-2 On June 30, Year 3, Benson Company's total current assets were $504,500 and its total current liabilities were $275,000. On July 1, Year 3, Benson Issued a long-term note to a bank for $41,000 cash. Required a. Compute Benson's working capital before and after Issuing the note. b. Compute Benson's current ratio before and after issuing the note. (Round your answers to 1 decimal place.) Before the transaction After the transaction a Working capital b Current ratio: