Selected financial information for Fanning Company for Year 4 follows: Required Assuming that the merchandise inventory buildup was relatively constant, how many times did the merchandise inventory turn over during Year 4 ? Note: Round your answer to 2 decimal places. On June 30, Year 3, Rooney Company's total current assets were $500,500 and its total current liabilities were $274,000. On July 1 , Year 3 , Rooney issued a short-term note to a bank for $41,200 cash. Required a. Compute Rooney's working capital before and after issuing the note. b. Compute Rooney's current ratio before and after issuing the note. Note: Round your answers to 2 decimal places. The balance sheet for Jordan Corporation follows: Required Compute the following. Note: Round ratios to 1 decimal place