On june 30, 2018, baird company’s total current assets were $502,000 and its total current liabilities were $274,000. on july 1, 2018, baird issued a long-term note to a bank for $39,400 cash. required compute baird’s working capital before and after issuing the note. compute baird’s current ratio before and after issuing the note.

Before issuing the note

Current ratio

= Current assets

   Current liabilities

= $502,000

  $274,000

= 1.83: 1

After issuing the note

Current ratio

= $538,400

  $274,000

= 1.96:1

Explanation:

Current ratio is the ratio of current assets to current liabilities. Before issuing the note, current assets amounted to $502,000 while current liabilities were $274,000. After issuing the note, current assets increased to $538,400 as a result of $39,400 received on note issue. This increases the current ratio from 1.83 to 1.96.

eds? ederal government or feds

the specific actions take by the fed. what the fed was attempting to do by taking these actions. the result of the actions taken by the fed