Exercise 14-6A (Algo) Working capital and current ratio LO 14-2 On June 30, Year 3, Adams Company's total current assets were $503,000 and its total current liabilities were $277,500. On July 1, Year 3, Adams issued a short-term note to a bank for $39,200 cash. Required a. Compute Adams's working capital before and after issuing the note. b. Compute Adams's current ratio before and after issuing the note. Note: Round your answers to 2 decimal places. a. Working capital S b. Current ratio Before the Transaction After the Transaction 225,500 1.81