Exercise 14-6A (Algo) Working capital and current ratio LO 14-2 On June 30, Year 3....
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Exercise 14-6A (Algo) Working capital and current ratio LO 14-2 On June 30, Year 3. Rundle Company's total current assets were $498,000 and its total current liabilitles were $273.500. On July 1, Year 3, Rundle issued a short-term note to a bank for $38,200 cash. Required o. Compute Rundle's working capital before and atter issuing the note. b. Compute Rundle's current ratio before and after issuing the note. (Round your onswers to 2 decimol ploces.)
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