On June 30, 2018, Jordan Company's total current assets were $504,000 and its total current liabilities were $275,500. On July 1, 2018, Jordan issued a short-term note to a bank for $39,000 cash. Required a. Compute Jordan's working capital before and after issuing the note. b. Compute Jordan's current ratio before and after issuing the note. (Round your answers to 2 decimal places.) Before the transaction | $ 228,500 After the transaction $ 228,500 a. Working Capital b. Current Ratio Selected data from Perez Company follow: Balance Sheets As of December 31 Accounts receivable Allowance for doubtful accounts Net accounts receivable Inventories, lower of cost or market 2018 $395,000 (19,750) $375,250 2017 $375,000 (15, 000) $360,000 $482,500 $448,000 Income Statement For the Years Ended December 31 2018 Net credit sales $2,012,000 Net cash sales 419,000 Net sales 2,431,000 Cost of goods sold 1,608,000 Selling, general, and administrative expenses 239,100 Other expenses 39,600 Total operating expenses $1,886,700 2017 $1,752,000 305,000 2,057,000 1,424,000 214,000 22,600 $1,660,600 Required a. Compute the accounts receivable turnover for 2018. b. Compute the inventory turnover for 2018. c. Compute the net margin for 2017. (For all requirements, round your answers to 2 decimal places.) a. Accounts receivable turnover b. Inventory turnover c. Net margin 5.47 times times 19.27%