Liquidity Ratios

The accounts and balances that follow are from Kellman, Inc.s general ledger.

Accounts Payable	$ 13,280
Accounts Receivable	9,000
Cash	1,500
Current Portion of Long-Term Debt	8,000
Long-Term Investments	8,320
Marketable Securities	10,080
Merchandise Inventory	20,320
Notes Payable (90 days)	12,000
Notes Payable (2 years)	16,000
Notes Receivable (90 days)	20,800
Notes Receivable (2 years)	8,000
Prepaid Insurance	320
Property, Plant, and Equipment	48,000
Property Taxes Payable	1,000
Income Taxes Payable	1,580
Common Stock	15,200
Retained Earnings	5,860
Salaries Payable	680
Supplies	280
Unearned Revenue	600

Compute the (1) working capital and (2) current ratio. Round your current ratio value to two decimal places.

1. Working capital:	$
2. Current ratio: