1 On June 30, Year 3, Baird Company's total current assets were $496,500 and its total current liabilities were $278,500. On July 1, Year 3, Baird issued a short-term note to a bank for $38,200 cash. Required a. Compute Baird's working capital before and after issuing the note. b. Compute Baird's current ratio before and after issuing the note. (Round your answers to 2 decimal places.) 5 points 800.27.07 b. Working capital Current ratio Before the transaction After the transaction