On June 30, Year 3, Munoz Company's total current assets were $504,000 and its total current liabilities were $273,500. On July 1, Year 3, Munoz issued a short-term note to a bank for $39,000 cash. Required a. Compute Munoz's working capital before and after issuing the note. b. Compute Munoz's current ratio before and after issuing the note. (Round your answers to 2 decimal places.) Following is the balance sheet of Franklin Company for Year 3: The average number of common stock shares outstanding during Year 3 was 870 shares. Net income for the year was $15,900. Required Compute each of the following: (Round your answer to 2 decimal places. For percentages, 0.2345 should be entered as 23.45 .)