Ivanhoe Company reports the following account balances at December $31,2025$:

Accounts payable

$$7,700$

Accounts receivable

$7,700$

Cash

$9,100$

Intangible assets

$21,900$

Inventory

$37,900$

Long$-$term investments

$22,500$

Long$-$term liabilities

$107,000$

Short$-$term investments

$5,000$

Notes payable $($short$-$term$)$

$15,500$

Property, plant, and equipment

$260,000$

Prepaid insurance

$1,020$

Salaries and wages payable

$3,200$

Land held for future use

$66,000$

Compute the company$$s $($a$)$ working capital and $($b$)$ current ratio. $($Round current ratio to $2$ decimal places, e$.$g$.1\mathrm{.}55$:$1.)$

$($a$)$

Working capital

$enter a dollar amount

$($b$)$

Current ratio

enter ratio rounded to $2$ decimal places