Accounts payable $8,000 Accounts receivable \begin{tabular}{lr} Cash & 8,200 \\ Intangible assets & 24,000 \\ Inventory & 37,200 \\ Long-term investments & 21,500 \\ \hline Long-term liabilities & 109,000 \\ Short-term investments & 4,700 \\ Notes payable (short-term) & 15,200 \\ Property, plant, and equipment & 260,000 \\ Prepaid insurance & 1,420 \\ Salaries and wages payable & 2,300 \\ Land held for future use & 65,000 \end{tabular} Compute the company's (a) working capital and (b) current ratio. (Round current ratio to 2 decimal places, es 1.55:1) (a) Working capital $ (b) Current ratio :1