On June 30, 2014, Freeman CompanyAc€?cs total current assets were $497,000 and its total current liabilities were $271,000. On July 1, 2014, Freeman issued a long-term note to a bank for $39,200 cash.
Compute FreemanAc€?cs working capital before and after issuing the note.
Compute FreemanAc€?cs current ratio before and after issuing the note. (Round your answers to 2 decimal places.)
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