Problem: Module 4 Textbook Problem 4 Learning Objective: 4-2 Calculate ratios for assessing a company's liquidity On June 30, Year 3. Franklin Company's total current assets were $504,500 and its total current liabilities were $279,500. On July 1 Year 3. Franklin issued a long-term note to a bank for $38.400 cash. Required a. Compute Franklin's working capital before and after Issuing the note. b. Compute Franklin's current ratio before and after Issuing the note. (Round your answers to 1 decimal place.) Before the transaction $ 225 000 After the transaction d Working capital Current ratio b