The accounts and balances that follow are from the general ledger of Charlton Corporation.

Accounts Payable ………………………………………………     $13,280

Accounts Receivable …………………………………………..        8,160

Cash ……………………………………………………………               1,200

Current Portion of Long-Term Debt ……………………….  8,000

Long-Term Investments ……………………………………….   16,640

Marketable Securities ………………………………………….    10,080

Merchandise Inventory ………………………………………..    20,320

Notes Payable (90 days) ……………………………………….    12,000

Notes Payable (2 years) ………………………………………..    32,000

Notes Receivable (90 days) ……………………………………    20,800

Notes Receivable (2 years) ……………………………………    16,000

Prepaid Insurance ……………………………………………..           320

Property, Plant, and Equipment ………………………………96,000

Property Taxes Payable ………………………………………      1,000

Retained Earnings ……………………………………………       45,280

Salaries Payable ………………………………………………             680

Supplies ………………………………………………………                  280

Unearned Revenue …………………………………………..            600

 1. Compute the working capital.

 2. Compute the current ratio. (Note: Round to 2 decimal places.)