Pharoah Company reports the following account balances at December 31, 2022: Accounts payable $5,100 Accounts receivable 7,300 Cash 4600 Intangible assets 21,600 Inventory 36,500 Long-term investments 24,000 Long-term liabilities 114,000 Short-term investments 4,300 Notes payable (short-term) 18,400 Property, plant, and equipment 240,000 Prepaid insurance 1,150 Salaries and wages payable 4,000 Land held for future use 60,000 Compute the company's (a) working capital and (b) current ratio. (Round current ratio to 2 decimal places, eg. 155-1.) (a) Working capital $ (b) Current ratio :1