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just need the answer. Thanks Problem: Module 4 Textbook Problem 4 Learning Objective: 4-2 Calculate ratios for assessing a company's liquidity On June 30, Year
just need the answer. Thanks
Problem: Module 4 Textbook Problem 4 Learning Objective: 4-2 Calculate ratios for assessing a company's liquidity On June 30, Year 3, Solomon Company's total current assets were $495,000 and its total current liabilities were $274,500. On July 1, Year 3, Solomon issued a long-term note to a bank for $41,200 cash. Required a. Compute Solomon's working capital before and after issuing the note. b. Compute Solomon'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 Current ratio bStep by Step Solution
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