On June 30, 2011, Weslaco Companys total current assets were $500,000 and its total current liabilities were $275,000. On July 1, 2011, Weslaco issued a short-term note to a bank for $40,000 cash. (a) Required: Compute Weslacos working capital before and after issuing the note. (Omit the "$" sign in your response.) Working capital before the transaction $_____ Working capital after the transaction $ _____ (b) Compute Weslacos current ratio before and after issuing the note. (Round your answers to 2 decimal places.) Current ratio before the transaction _____: 1 Current ratio after the transaction _____: 1