Presented below is a partial trial balance for the Deep Purple Corporation on December 31, 2024. Account Title Cash and cash equivalents Accounts receivable Raw materials inventory Debits 45,000 225,000 51,000 Credits Notes receivable 142,000 Interest receivable 4,000 Interest payable 13,000 Investments 54,000 Land 175,000 Buildings 1,440,000 Accumulated depreciation-buildings 815,000 Work in process inventory 29,000 Finished goods inventory 89,000 Equipment 475,000 Accumulated depreciation-equipment 305,000 Franchise (net of amortization) 1,500,000 Prepaid insurance (for the next year) 75,000 Deferred revenue 42,000 Accounts payable 390,000 Notes payable Salaries payable Allowance for uncollectible accounts 650,000 4,000 39,000 Additional information: 1. The notes receivable, along with any accrued interest, are due on November 1, 2025. 2. The notes payable are due in 2029. Interest is payable annually. 3. The investments consist of equity securities of other corporations. Management does not intend to sell any of the securities in the next year. 4. Deferred revenue will be recognized equally over the next 18 months. Required: show your work a. Determine the company's working capital on December 31, 2024. b. Determine the company's current ratio (rounded to two decimal places) on December 31, 2024.