(Answered) Selected condensed data taken from a recent balance sheet

Finance

Selected condensed data taken from a recent balance sheet of Perkins Inc. are as follows.

PERKINS INC. Balance Sheet (partial)
Cash	$ 8,041,000
Short-term investments	4,947,000
Accounts receivable	12,545,000
Inventories	14,814,000
Other current assets	5,571,000
Total current assets	$45,918,000
Total current liabilities	$40,644,000

What are the

(a) working capital,

(b) current ratio, and

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