Exercise $13-7$A $($Algo$)$ Working capital and current ratio LO $13-2$

On June $30,$ Year $3,$ Campbell Company's total current assets were $$503,500$ and its total current liabilities were $$276,000.$ On July $1,$ Year $3,$ Campbell issued a long$-$term note to a bank for $$39,800$ cash.

Required

a$.$ Compute Campbell's working capital before and after issuing the note.

b$.$ Compute Campbell's current ratio before and after issuing the note.

Note: Round your answers to $1$ decimal place.

$\backslash$table$[[,\backslash$table$[[$Before the$],[$transaction$]],\backslash$table$[[$After the$],[$transaction$]]],[$a Working capital,,$],[$b Current ratio,,$]]$