et Microsoft Updates On June 30, Year 3, Thornton Company's total current assets were $496,500 and its total current liabilities were $270,500. On July 1, Year 3, Thornton issued a short-term note to a bank for $40,000 cash Required a. Compute Thornton's working capital before and after issuing the note b. Compute Thornton's current ratlo before and after Issuing the note. (Round your answers to 2 decimal places.) 3 Before the transaction After the transaction a b Working capital Current ratio