Exercise 14-6A (Algo) Working capital and current ratio LO 14-2 On June 30, Year 3, Rooney Company's total current assets were $503,000 and its total current liabilities were $275,500. On July 1 , Year 3, Rooney issued a short-term note to a bank for $39,000 cash. Required a. Compute Rooney's working capital before and after issuing the note. b. Compute Rooney's current ratio before and after issuing the note. (Round your answers to 2 decimal places.)