On June $30,$ Year $3,$ Franklin Company$$s total current assets were $$503,500$ and its total current liabilities were $$271,000.$ On July $1,$ Year $3,$ Franklin issued a long$-$term note to a bank for $$41,000$ cash.

Required

Compute Franklin$$s working capital before and after issuing the note.

Compute Franklin$$s current ratio before and after issuing the note