On June $30,2011,$ Weslaco Company$$s total current assets were $$500,000$ and its total current liabilities were $$275,000.$ On July $1,2011,$ Weslaco issued a short$-$term note to a bank for $$40,000$ cash.

Required:

a$.$ Compute Weslaco$$s working capital before and after issuing the note. $($Omit the $"$$$"$ sign in your response.$)$

b$.$ Compute Weslaco$$s current ratio before and after issuing the note. $($Round your answers to $2$ decimal places.$)$