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On June 30, 2014, Freeman Company's total current assets were $800,000 and its total current...

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Accounting

On June 30, 2014, Freeman Company's total current assets were $800,000 and its total current liabilities were $400,000. On July 1, 2014, Freeman issued a short-term note to a bank for $80,000 cash. Answer the following. a.) Compute Freeman's working capital before and after issuing the note. b.) Compute Freeman's current ratio before and after issuing the note.(Round your answers to 2 decimal places.)

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