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please help! #4 On June 30, Year 3, Campbell Company's total current assets were $500,500 and its total current liabilities were $273,500. On July 1,
please help! #4
On June 30, Year 3, Campbell Company's total current assets were $500,500 and its total current liabilities were $273,500. On July 1, Year 3. Campbell issued a short-term note to a bank for $39,800 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.) Before the transaction After the transaction a Working capital Current ratio b Step by Step Solution
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