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  3. on june 30, year 3, gibson company's total current

On June 30, Year 3, Gibson Company's total current assets were $502,500 and its total...

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Accounting

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On June 30, Year 3, Gibson Company's total current assets were $502,500 and its total current liabilities were $279,000. On July 1, Year 3, Gibson issued a short-term note to a bank for $41000 cash Required a. Compute Gibson's working capltal before and after issuing the note, b. Compute Gibson's current ratlo before and after issuing the note. (Round your answers to 2 decimal places.) Before the transaction After the transaction Working capital Current ratio b

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