Question: Check my work Exercise 14-6A (Algo) Working capital and current ratio LO 14-2 On June 30, Year 3. Thornton Company's total current assets were $498,500

Check my work Exercise 14-6A (Algo) Working capital and current ratio LO 14-2 On June 30, Year 3. Thornton Company's total current assets were $498,500 and its total current liabilities were $278,000. On July 1. Year 3, Thornton issued a short-term note to a bank for $39,000 cash. Required a. Compute Thornton's working capital before and after issuing the note. b. Compute Thornton's current ratio before and after issuing the note. (Round your answers to 2 decimal places.) SK Before the Transaction After the Transaction a. Working capital b. Current ratio

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