The chief financial officer (CFO) of Pina Colada Corporation requested that the accounting department prepare a preliminary balance sheet on December 30,2025 , so that the CFO could get an idea of how the company stood. He knows that certain debt agreements ast 2:1. The preliminary balance sheet is as follows. Calculate the current ratio and working capital based on the preliminary balance sheet. (Round current ratio to 1 decimal place, e.g. 0.7:1.) 1 Working capital $ eTextbookand Media Attempts: 0 of 15 used (b) Based on the results in above part, the CFO requested that $20,400 of cash be used to pay off the balance of the Accounts Payable account on December 31,2025 . Calculate the new current ratio and working capital after the company takes these actions. (Round current ratio to 1 decimal place, e.g. 0.7:1.)