On June $30,$ Year $3,$ Solomon Company$$s total current assets were $$499,000$ and its total current liabilities were $$270,500.$ On July $1,$ Year $3,$ Solomon issued a long$-$term note to a bank for $$38,400$ cash.

Required

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

Compute Solomon$$s current ratio before and after issuing the note.

Note: Round your answers to $1$ decimal place.On June $30,$ Year $3,$ Solomon Company's total current assets were $$499,000$ and its total current liabilities were $$270,500.$ On July $1,$

Year $3,$ Solomon issued a long$-$term note to a bank for $$38,400$ cash.

Required

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

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

Note: Round your answers to $1$ decimal place.