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On June 30, Year 3. Jordan Company's total current assets were $500,500 and its total current liabilities were $273,000. On July 1, Year 3. Jordan

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On June 30, Year 3. Jordan Company's total current assets were $500,500 and its total current liabilities were $273,000. On July 1, Year 3. Jordan issued a short-term note to a bank for $39,200 cash. Required a. Compute Jordan's working capital before and after issuing the note. b. Compute Jordan's current ratio before and after issuing the note. (Round your answers to 2 decimal places.) Before the transaction After the transaction a Working capital Current ratio

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