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Current position analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current sets Cash 5580,000 5467,500 Martable securities 765,100 551,700 Accounts and notes receive (net) 942,000 163,800 Inventor 1,104,000 732,500 Prepaid expenses 546,000 455,500 Total current $3,030,000 52,871,000 Current labas Accounts and notes payat short-term) 5797,500 5660,000 Acordobes 302,500 330,000 Total current $1,100,000 5990,000 This information has been acted in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below 1 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. Wondng capital 2. Current ratio 3. Quick ratio 5. The liquidity of Nile has improved from the preceding year to the current year. The worlding capital, current ratio, and quick ratio have all increased Most of these changes are the result of an increase In current assets relative to current liabilities 1. Subtract current les from current assets 22. De current assets by current anties a3. Divide assets by current abilities. Quick assets are cash, temporary investments, and receivables, D. Consider the relationship of the accounts involved