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hello i need help with this assignment please On June 30, 2018, Franklin Company's total current assets were $503,500 and its total current liabilities were

hello i need help with this assignment please

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On June 30, 2018, Franklin Company's total current assets were $503,500 and its total current liabilities were $270,500. On July 1, 2018, Franklin issued a long-term note to a bank for $38,600 cash. Required a. Compute Franklin's working capital before and after issuing the note. b. Compute Franklin's current ratio before and after issuing the note. (Round your answers to 1 decimal place.) Before the After the transaction transaction a. Working Capital b. Current RatioThe following data come from the financial records of Finch Corporation for 2018: Sales $840,000 Interest expense 5,400 Income tax expense 25,500 Net income 26,000 Required How many times was interest earned in 2018? (Round your answer to 2 decimal places.) Interest earned timesIncome Statement For the Years Ended December 31 2018 2017 Net credit sales $2 , 009,000 $1, 756,000 Net cash sales 414,000 310,000 Net sales 2, 423,000 2, 066,000 Cost of goods sold 1, 594,000 1, 424,000 Selling, general, and administrative expenses 240, 300 214, 800 Other expenses 39,500 23, 100 Total operating expenses $1, 873, 800 $1, 661,900 Required a. Compute the accounts receivable turnover for 2018. b. Compute the inventory turnover for 2018. c. Compute the net margin for 2017. (For all requirements, round your answers to 2 decimal places.) a. Accounts receivable turnover times b. Inventory turnover times C. Net margin %%

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