Calculate component percentages for this information.

L$014-4$

BRIEF EXERCISE $14\mathrm{.}4$

Working Capital and Current Ratio

Harrisonburg Company had current and total assets of $$470,000$ and $$1,000,000,$ respectively. The company's current and total liabilities were $$267,000$ and $$600,000,$ respectively. Calculate the amount of working capital and the current ratio using this information.