Question: 10 Need this done asap. Please help. Thanks. Current position analysis The following data were taken from the balance sheet of Nilo Company at the
10
Need this done asap. Please help. Thanks.

Current position analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Previous Year Current Year Current assets: Cash $554,600 $475,000 730,500 Marketable securities 560,500 Accounts and notes receivable (net) 674,500 899,300 Inventories 484,400 28,100 Prepaid expenses 239,500 17,500 Total current assets $2,908,300 $1,755,600 Current liabilities: Accounts and notes payable (short-term) $920,800 $760,000 Accrued liabilities 349,200 380,000 Total current liabilities $1,270,000 $1,140,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. X Open spreadsheet a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round the ratios to one decimal place and the working capital to the nearest dollar. Current Year Previous Year 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Nilo has from the preceding year to the current year. The working capital, current ratio, and quick ratio have all Most of these changes are the result of a(n) in current assets relative to current liabilities
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