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On June 30, 2018, Franza Company's total current assets were $900,000 and its total current liabilities were $360,000. On July 1. 2018, Franza issued a
On June 30, 2018, Franza Company's total current assets were $900,000 and its total current liabilities were $360,000. On July 1. 2018, Franza issued a long-term note to a bank for $72,000 cash Required a. Compute Franza's working capital before and after issuing the note b. Compute Franza's current ratio before and after issuing the note. (Round your answers to decimal olace) Before the transaction After the transaction a. Working Capital b. Current Ratio
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