The accounts and balances that follow are from the ledger of Fields Corporation. Compute the (1) working capital and (2) current ratio. 

Accounts Payable............................$ 6,640 

Accounts Receivable..........................4,080 

Cash........................................................600 

Current Portion of Long-Term Debt.........4,000 

Long-Term Investments...................8,320 

Marketable Securities.....................5,040 

Merchandise Inventory.................10,160 

Notes Payable (90 days)..................6,000 

Notes Payable (2 years).................16,000 

Notes Receivable (90 days)............10,400 

Notes Receivable (2 years)..............8,000 

Prepaid Insurance..........................160 

Property, Plant, and Equipment..........................48,000 

Property Taxes Payable..........................500 

Retained Earnings..........................22,640 

Salaries Payable..........................340 

Supplies..........................140 

Unearned Revenue..........................300