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

On June $30,$ Year $3,$ Rundle Company's total current assets were $$499,500$ and its total current liabilities were $$278,000.$ On July $1.$

Year $3,$ Rundle issued a long$-$term note to a bank for $$40,800$ cash.

Required

a$.$ Compute Rundle's working capital before and after Issuing the note.

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

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