On June 30, 2018, Franza Company's total current assets were $900,000 and its total current liabilities were

Question:

On June 30, 2018, Franza Company's total current assets were $900,000 and its total current liabilities were $360,000. On July 1, 2018, Franza issued a long-term note to a bank for $72,000 cash.
Required
Round computations to one decimal point.
a. Compute Franza's working capital before and after issuing the note.
b. Compute Franza's current ratio before and after issuing the note.