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On June 30 , Year 3, Finch Company's total current assets were $500,500 and its total current
liabilities were $277,500. On July 1 , Year 3 , Finch issued a long-term note to a bank for $38,800
cash. Required a. Compute Finch's working capital before and after issuing the note. b. Compute
Finch's current ratio before and after issuing the note. (Round your answers to 1 decimal place.)
Answer is complete but not entirely correct.

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