On June $30,$ Year $3,$ Fanning Company$$s total current assets were $$504,000$ and its total current liabilities were $$276,500\mathrm{.}0n$ July $1,$ Year $3,$ Fanning issued a short$-$term note to a bank for $$39,000$ cash.

Required

a$.$ Compute Fanning's working capital before and after issuing the note.

b$.$ Compute Fanning's current ratio before and after issuing the note. $($Round your answers to $2$ decimal places.$)$

$\backslash$table$[[,,\backslash$table$[[$Before the$],[$transaction$]],\backslash$table$[[$After the$],[$transaction$]]],[$a$.,$Working capital,,$],[$b$.,$Current ratio,,$]]$