Find the working capital ratio for Northeast Speakers Co., using the balance sheet shown below.

Northeast Speakers Co. Balance Sheet
Assets
Current assets
Cash	$ 43,000
Accounts receivable	$ 23,500
Inventory	$ 18,200
Total current assets	$ 84,700
Plant and equipment
Equipment	$74,000
Total plant and equipment	$74,000
Total assets	$158,700
Liabilities
Current liabilities
Accounts payable	$ 3,200
Wages payable	$ 18,100
Total current liabilities	$ 21,300
Long-term liabilities
Mortgage payable and loans	$64,000
Total long-term liabilities	$64,000
Total liabilities	$85,300