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On June 30, Year 3. Campbell Company's total current assets were $503,000 and its total current listilities were $275,500/On July 1 Year 3. Campbell issued

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On June 30, Year 3. Campbell Company's total current assets were $503,000 and its total current listilities were $275,500/On July 1 Year 3. Campbell issued a short term note to a bank for $41,600 cash Required a. Compute Campbells working capital before and after issuing the note. b. Compute Campbell's current ratio before and after issuing the note. (Round your answers to 2 decimal places.) Before the transaction After the transaction Working Capital Current rate D

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