Jay Oullette, CEO of Bumper to Bumper, Inc., anticipates that his company's year-end balance sheet will show current assets of $300,000 and current liabilities of $200,000. Mr. Oullette has asked your advice concerning a possible early payment of $75,000 of accounts payable before year-end, even though payment isn't due until later. Required: a. Calculate the firm's working capital and current ratio under each situation. (Round \" Current ratio\" answers to 1 decimal place.)