On June 30, 2011, Weslaco Company's 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. Required: a. Compute Weslaco's working capital before and after issuing the note. (Omit the "\$" sign in your response.) b. Compute Weslaco's current ratio before and after issuing the note. (Round your answers to 2 decimal places.)