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On June 30, Year 3, Campbell Company's total current assets were $500,000 and its total current liabilities were $277.000. On July Year 3, Campbell issued

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On June 30, Year 3, Campbell Company's total current assets were $500,000 and its total current liabilities were $277.000. On July Year 3, Campbell issued a short-term note to a bank for $39,000 cash. Required a. Compute Campbell's 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.)

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