On December 31, 20--, the following selected accounts and amounts appeared on the balancesheet for Duncan Company.

Determine the amount of the working capital and the current ratio.

Building $180,000
Prepaid Insurance $1,800
Merchandise Inventory $85,000
Store Equipment $11,000
Unearned fees $1,200
Notes Payable (due in six months) $6,000
Accumulated Depreciation, Building $62,000
Accounts payable $25,000
Land $50,000
Cash $50,000
Store Supplies $1,400
Accumulated Depreciation, Store Equipment $8,000
Notes Receivable (due in four months ) $1,500
Mortgage Payanle (current portion) $4,400
Salaries Payable $1,600
M. Duncan, Capital $161,500
Mortgage Payable (due in four years ) 86,000