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On June 30, Year 3, Benson Companys total current assets were $504,000 and its total current liabilities were $277,500. On July 1, Year 3, Benson

On June 30, Year 3, Benson Companys total current assets were $504,000 and its total current liabilities were $277,500. On July 1, Year 3, Benson issued a short-term note to a bank for $40,200 cash. Required a. Compute Bensons working capital before and after issuing the note. b. Compute Bensons current ratio before and after issuing the

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