Question: On June 30 , Year 3. Stuart Company's total current assets were $499,500 and its total current liabilities were $272,500. On July 1 . 3

On June 30 , Year 3. Stuart Company's total current assets were $499,500 and its total current liabilities were $272,500. On July 1 . 3 , Stuart issued a long-term note to a bank for $39,000 cash. Required o. Compute Stuart's working capital before and after issuing the note. b. Compute Stuart's current ratio before and after issuing the note. Note: Round your answers to 1 decimal place

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