Question: helpnme please Exercise 9-7A (Algo) Working capital and current ratio LO 9.2 On June 30, Year 3. Fanning Company's total current assets were $503,500 and

helpnme please

Exercise 9-7A (Algo) Working capital and current ratio LO 9.2 On June 30, Year 3. Fanning Company's total current assets were $503,500 and its total current liabilities wore $279,000,0 On July 1 , Year 3. Fanning issued a long term note to a bank for $40.800cash. Required a. Compute Fanning's working capital before and after issuing the note, b. Compute Fanning's current ratio before and after issuing the note. (Round your answers to 1 decimal place.)

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