Question: PLEASE HELP SOLVE AND EXPLAIN On June 30, 2018. Rooney Company's total current assets were $504,500 and its total current liablities were $2/6500. Din July.

PLEASE HELP SOLVE AND EXPLAIN

On June 30, 2018. Rooney Company's total current assets were $504,500 and its total current liablities were $2/6500. Din July. 2018, Rooney issued a short-term note to a bank for $41,600 cash Required a. Compute Rooney's working capital before and after issuing the note. b. Compute Rooney's current ratio before and after issuing the note. (Round your answers to 2 decimal places.) Before the transaction transaction fter the a. Working Capital b Current Ratio

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