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On June 30, 2018, Benson Company's total current assets were $503,000 and its total current liabilities were $276,000. On July 1 2018, Benson issued a

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On June 30, 2018, Benson Company's total current assets were $503,000 and its total current liabilities were $276,000. On July 1 2018, Benson issued a short-term note to a bank for $40,000 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 2 decimal places. a. Working Capital b. Current Ratio

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