Question: Brief Exercise 14.4 (Static) Working Capital and Current Ratio (LO14-4) Harrisonburg Company had current and total assets of $470,000 and $1,000,000, respectively. The company's current

Brief Exercise 14.4 (Static) Working Capital and Current Ratio (LO14-4) Harrisonburg

Brief Exercise 14.4 (Static) Working Capital and Current Ratio (LO14-4) Harrisonburg Company had current and total assets of $470,000 and $1,000,000, respectively. The company's current and total liabilities were $267,000 and $600,000, respectively. Calculate the amount of working capital and the current ratio using this information. (Round your current ratio answer to 2 decimal ploces.)

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