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On June 30, Year 3, Adams Company's total current assets were $498,500 and its total current liabilities were $276,000 on July 1 Year 3, Adams

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On June 30, Year 3, Adams Company's total current assets were $498,500 and its total current liabilities were $276,000 on July 1 Year 3, Adams issued a short-term note to a bank for $41,800 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 a Working capital Current ratio b

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