On June $30,$ Year $3,$ Finch Company's total current assets were $$495,500$ and its total current liabilities were $$275,000.$ On July $1,$ Year $3,$ Finch issued a short$-$term note to a bank for $$39,200$ cash.

Required

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

b$.$ Compute Finch's current ratio before and after issuing the note.

Note: Round your answers to $2$ decimal places.

$\backslash$table$[[,\backslash$table$[[$Before the$],[$Transaction$]],\backslash$table$[[$After the$],[$Transaction$]]],[$a$.$ Working capital,$$,220,500,$$$,181,300],[$b$.$ Current ratio,,$1\mathrm{.}80,$P$,1\mathrm{.}94]$