The balance sheet for Alpha Corporation follows: Current assets. Long-term assets (net) Total assets Current liabilities Long-term liabilities Total liabilities Common stock and retained earnings Total liabilities and stockholders equity $1,070,000 1,520,000 2,590,000 Working capital Current ratio 710,000 1,110,000 1,820,000 770,000 $2,590,000 Required: Compute the working capital and current ratio using the provided balance sheet. Note: Round the current ratio to 1 decimal place.