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On June 3 0 , Year 3 , Solomon Company s total current assets were $ 4 9 8 , 0 0 0 and its

On June 30, Year 3, Solomon Companys total current assets were $498,000 and its total current liabilities were $278,000. On July 1, Year 3, Solomon issued a long-term note to a bank for $38,800 cash.
Required
Compute Solomons working capital before and after issuing the note.
Compute Solomons current ratio before and after issuing the note.
Note: Round your answers to 1 decimal place.

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