Problem: Module 4 Textbook Problem 4 Learning Objective: 4-2 Calculate ratios for assessing a company's liquidity On June 30, Year 3, Vernon Company's total current assets were $500,500 and its total current liabilities were $276,000. On July 1 , Year 3, Vernon issued a long-term note to a bank for $38,200 cash. Required a. Compute Vernon's working capital before and after issuing the note. b. Compute Vernon's current ratio before and after issuing the note. (Round your answers to 1 decimal place.)