Calculate the current ratio and working capital based on the preliminary balance sheet. $($Round current ratio to $1$ decimal place, es$.0\mathrm{.}7$:$1.)$

Current ratio $$ :$1$

Working capital $ $$

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Based on the results in above part, the CFO requested that $$19,200$ of cash be used to pay off the balance of the Accounts Payable account on December $31,2025.$ Calculate the new current ratio and working capital after the company takes these actions. $($Round current ratio

he chief financial officer $($CFO$)$ of Martinez Corporation requested that the accounting department prepare a preliminary balance neet on December $30,2025,$ so that the CFO could get an idea of how the company stood. He knows that certain debt agreements ith its creditors require the company to maintain a current ratio of at least $2$:$1.$ The preliminary balance sheet is as follows.

Martinez Corporation

Balance Sheet

December $30,2025$

Assets

Current assets

$\backslash$table$[[$Cash$,$$$28,000,],[$Accounts receivable,$34,800,],[$Prepaid insurance,$6,320,$$$69,120$to $1$ decimal place, e$.$g$.0\mathrm{.}7$:$1.)$

Current ratio $$Working capital$