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Exercise 13-7A (Algo) Working capital and current ratio LO 13-2 On June 30, Year 3, Zachary Company's total current assets were $498,000 and its total

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Exercise 13-7A (Algo) Working capital and current ratio LO 13-2 On June 30, Year 3, Zachary Company's total current assets were $498,000 and its total current liabilities were $275,000. On July 1 , Year 3, Zachary issued a long-term note to a bank for $41,200 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. Note: Round your answers to 1 decimal place

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