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On June 30, Year 3, Walton Companys total current assets were $503,500 and its total current liabilities were $275,000. On July 1, Year 3, Walton

On June 30, Year 3, Walton Companys total current assets were $503,500 and its total current liabilities were $275,000. On July 1, Year 3, Walton issued a long-term note to a bank for $38,400 cash. Required Compute Waltons working capital before and after issuing the note. Compute Waltons current ratio before and after issuing the note

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