On June 30, Year 3, Fanning Company's total current assets were $497,500 and its total current liabilities were $273,000. On July 1, Year 3, Fanning issued a short-term note to a bank for $41,600 cash. Required a. Compute Fanning's working capital before and after issuing the note b. Compute Fanning's 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