On June 30, 2014, Freeman Companys total current assets were $800,000 and its total current liabilities were $400,000. On July 1, 2014, Freeman issued a short-term note to a bank for $80,000 cash.

a. computre Freeman's working capital before and after issuing the note

Before the transaction:

After the transaction:

b. Compute Freeman's current ratio before and after issuing the note. (Round answers to 2 decimal places)

Before the transaction:

After the transaction:

Please show how you did it I really want to know the work to get to the answer.