Problem: Module 4 Textbook Problem 4 Learning Objective: 4-2 Calculate ratios for assessing a company's liquidity On June 30, Year 3, Solomon Company's total current assets were $504,500 and its total current liabilities were $272,500. On July 1 , Year 3 , Solomon issued a long-term note to a bank for $41,400 cash. Required a. Compute Solomon's working capital before and after issuing the note. b. Compute Solomon's current ratio before and after issuing the note. (Round your answers to 1 decimal place.)