The accounts and balances that follow are from the general ledger of Fields Corporation. Compute the (1) working capital and (2) current ratio.

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Accounts Payable $13,280 Accounts Receivable 8,160 Cash 1,200 Current Portion of Long-Term Debt 8,000 Long-Term Investments 8,320 Marketable Securities 10,080 Merchandise Inventory 20,320 Notes Payable (90 days) 12,000 Notes Payable (2 years) 16,000 Notes Receivable (90 days) 20,800 Notes Receivable (2 years) 8,000 Prepaid Insurance 320 Property, Plant, and Equipment 48,000 Property Taxes Payable 1,000 Retained Earnings 22,640 Salaries Payable 680 Supplies Unearned Revenue 280 600