On June 30, Year 3, Benson Companys total current assets were $504,500 and its total current liabilities were $277,500. On July 1, Year 3, Benson issued a short-term note to a bank for $41,200 cash. Required a. Compute Bensons working capital before and after issuing the note. b. Compute Bensons current ratio before and after issuing the note. (Round your answers to 2 decimal places.)

		Before the transaction	After the transaction
a.	Working capital
b.	Current ratio