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

On June 30, Year 3, Jordan Company's total current assets were $503,000 and its total...

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Accounting

On June 30, Year 3, Jordan Company's total current assets were $503,000 and its total current liabilities were $271,500. On July 1, Year 3, Jordan issued a long-term note to a bank for $40,600 cash.
Required
a. Compute Jordan's working capital before and after issuing the note.
b. Compute Jordan's current ratio before and after issuing the note.
Note: Round your answers to 1 decimal place.
\table[[,\table[[Before the],[transaction]],\table[[After the],[transaction]]],[a. Working capital,,],[b. Current ratio,,]]
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