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On June 30, Year 3, Adams Company's total current assets were $501,500 and its total current liabilities were $272,000. On July 1, Year 3, Adams

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On June 30, Year 3, Adams Company's total current assets were $501,500 and its total current liabilities were $272,000. On July 1, Year 3, Adams issued a short-term note to a bank for $39,800 cash Required a. Compute Adams's working capital before and after issuing the note, b. Compute Adams's current ratio before and after issuing the note (Round your answers to 2 decimal places.) Before the Transaction After the Transaction Working capital b. Current ratio

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