Exercise 14-6A (Algo) Working capital and current ratio LO 142 On June 30, Year 3. Vernon Company's total current assets were $503,000 and its total current liabilities were \$271,000, On July 1. Year 3, Vernon issued a short-term note to a bank for $39,600 cash. Required a. Compute Vernon's working capital before and after issuing the note. b. Compute Vernon's current ratio before and after issuing the note. (Round your answers to 2 decimal places.)