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On June 30, Year 3, Franza Companys total current assets were $900,000 and its total current liabilities were $360,000 On July 1, Year 3, Franza

On June 30, Year 3, Franza Companys total current assets were $900,000 and its total current liabilities were $360,000 On July 1, Year 3, Franza issued a short term note to a bank for $72,000 cash Required 


a Compute Franzas working capital before and after issuing the note 


b Compute Franzas current ratio before and after issuing the note (Round your answers to 2 decimal places)

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