Cole Company had the following accounts and balances on December 31, 2015:

Income Taxes Payable	$51,250
Cash	20,000
Notes Payable, 10%, due June 2, 2016	1,000
Accounts Receivable	267,500
Equipment	950,000
Accounts Payable	104,400
Inventory	85,000
Land	600,000
Allowance for Doubtful Accounts	12,000
Discount on Notes Payable	150
Notes Receivable, maturity 2/1/2022	5,000
Current Maturities of Long-Term Debt	6,900
Unearned Revenue	4,320
Interest Payable	1,010
Wages Payable	6,000
Marketable Securities	40,000
Capital Stock	900,000

REQUIRED:

Compute Coles working capital.

Compute Coles current ratio. What does this ratio indicate about Coles condition?