Exercise $9-6$A $($Algo$)$ Working capital and current ratio LO $09-02$

On June $30,$ Year $3,$ Vernon Company's total current assets were $$497,500$ and its total current liabilities were $$276,000.$ On July $1,$ Year $3,$ Vernon issued a short$-$term note to a bank for $$38,200$ cash.

Required

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

b$.$ Compute Vernon'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,,$]]$