Module 4 Textbook Problem 3 Learning Objective: 4-2 Calculate ratios for assessing a company's liquidity On June 30, Year 3, Adams Company's total current assets were $497,000 and its total current liabilities were $272,000. On July 1, Year 3, Adams issued a short-term note to a bank for $41,000 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. (Round your answers to 2 decimal places.) Before the transaction After the transaction a. Working capital b. Current ratio