Presented below is a partial trial balance for the Deep Purple Corporation on December 31, 2024.
Account Title	Debits		Credits
Cash and cash equivalents	45,000
Accounts receivable	225,000
Raw materials inventory	51,000
Notes receivable	142,000
Interest receivable	4,000
Interest payable			13,000
Investments	54,000
Land	175,000
Buildings	1,440,000
Accumulated depreciationbuildings			815,000
Work in process inventory	29,000
Finished goods inventory	89,000
Equipment	475,000
Accumulated depreciationequipment			305,000
Franchise (net of amortization)	1,500,000
Prepaid insurance (for the next year)	75,000
Deferred revenue			42,000
Accounts payable			390,000
Notes payable			650,000
Salaries payable			4,000
Allowance for uncollectible accounts			39,000
Additional information:
1. The notes receivable, along with any accrued interest, are due on November 1, 2025.
2. The notes payable are due in 2029. Interest is payable annually.
3. The investments consist of equity securities of other corporations. Management does not intend to sell any of the securities in the next year.
4. Deferred revenue will be recognized equally over the next 18 months.
Required: show your work
a. Determine the companys working capital on December 31, 2024.
b. Determine the companys current ratio (rounded to two decimal places) on December 31, 2024.