On June 30, 2018, Fanning Companys total current assets were $501,000 and its total current liabilities were $271,000. On July 1, 2018, Fanning issued a long-term note to a bank for $38,400 cash. Required Compute Fannings working capital before and after issuing the note. Compute Fannings current ratio before and after issuing the note. (Round your answers to 1 decimal place.)