1. Total current assets reported for an operation were $87,200 and total current liabilities were $64,400. Determine working capital for the period and define its structure and purpose.
2. You are given the ending working capital for two consecutive years: Year 1 is $20,800, and Year 2 is $30,520. Sales revenue for Year 2 is $1,078,444. Calculate the working capital turnover ratio.