Question
On June 30, 2014, Freeman Companys total current assets were $502,500 and its total current liabilities were $271,000. On July 1, 2014, Freeman issued a
On June 30, 2014, Freeman Companys total current assets were $502,500 and its total current liabilities were $271,000. On July 1, 2014, Freeman issued a short-term note to a bank for $39,600 cash.
Compute Freemans working capital before and after issuing the note.
Compute Freemans current ratio before and after issuing the note.
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Agile Project Management Assurance And Auditing A Practical Guide For Auditors Reviewers And Project Teams
Authors: Wright Christopher
1st Edition
1787783553, 978-1787783553
