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On June 30 2018 Franza Company s total current assets were $900000 and its total current liabilities were $360000 On July 1 2018 Franza issued a long term note to a bank for $72000 cash

On June 30, 2018, Franza Company s total current assets were $900,000 and its total current liabilities were $360,000. On July 1, 2018, Franza issued a long-term note to a bank for $72,000 cash. Required Round computations to one decimal point. a. Compute Franza s working capital before and after issuing the note. b. Compute Franza s current ratio before and after issuing the note.
 

May 01 2020 View more View Less

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