Problem: Module 4 Textbook Problem 4 Learning Objective: 4-2 Calculate ratios for assessing a company's liquidity On June 30, Year 3, Walton Company's total current assets were $498,000 and its total current liabilities were $277,500. On July Year 3. Walton issued a long-term note to a bank for $39,000 cash. Required o. Compute Walton's working capital before and after issuing the note. b. Compute Walton's current ratio before and after issuing the note. (Round your answers to 1 decimal place.)