Problem: Module 4 Textbook Problem 3 Learning Objective: 4-2 Calculate ratios for assessing a company's liquidity On June 30, Year 3, Zachary Company's total current assets were $495,500 and its total current liabilities were $278,000. On July 1 , Year 3 , Zachary issued a short-term note to a bank for $40,200 cash. Required a. Compute Zachary's working capital before and after issuing the note. b. Compute Zachary's current ratio before and after issuing the note. (Round your answers to 2 decimal places.)