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how do i solve this On June 30, Year 3, Gibson Company's total current assets were $503,000 and its total current liabilities were $271,500. On
how do i solve this
On June 30, Year 3, Gibson Company's total current assets were $503,000 and its total current liabilities were $271,500. On July 1, Year 3, Gbson issued a long-term note to a bank for $39,600 cash. Required a. Compute Gibson's working capital before and after issuing the note. b. Compute Gibson's current ratio before and after issuing the note. (Round your answers to f decimat place.) Step by Step Solution
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