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

On June $30,$ Year $3,$ Zachary Company's total current assets were $$500,500$ and its total current liabilities were $$270,000.$ On July $1,$ Year $3,$ Zachary issued a long$-$term note to a bank for $$41,400$ cash.

Required

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

b$.$ Compute Zachary'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,$230,500,],[$b$.$ Current ratio,$1\mathrm{.}9,2\mathrm{.}0]]$