Exercise $14-6$A $($Algo$)$ Working capital and current ratio LO $14-2$

On June $30,$ Year $3,$ Perez Company's total current assets were $$503,000$ and its total current liabilities were $$270,500.$ On July $1,$ Year $3,$ Perez issued a short$-$term note to a bank for $$38,200$ cash.

Required

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

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

Note: Round your answers to $2$ decimal places.

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