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On June 30, Year 3, Jordan Companys total current assets were $495,000 and its total current liabilities were $271,000. On July 1, Year 3, Jordan

On June 30, Year 3, Jordan Companys total current assets were $495,000 and its total current liabilities were $271,000. On July 1, Year 3, Jordan issued a long-term note to a bank for $40,600 cash

Compute Jordans working capital before and after issuing the note. b. Compute Jordans current ratio before and after issuing the note. (Round your answers to 1 decimal place.)

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