9. EX.14.06 ALGO Algorithmic) Current Position Analys The following data were taken from the balance sheet of Nile Company at the end of the recent fiscal years: Current Year Previous Year Current assets Cash $483,400 $386.400 Marketable securities 559,700 434,700 Accounts and notes receivable (net) 228.900 144.900 Inventories 839.500 617.300 Prepaid expenses 432.500 394.700 Total current assets $2,544,000 $1,978,000 Current Accounts and notes payable (short-term $307,400 $322.000 Accredits 222.000 130.000 Total current les $530,000 5460,000 # Determine for each year (1) the working at the current and (3) the quick ratio. Round ratios to one decimal place Current Year Previous Year 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of No has from the preceding year to the current year. The working capital current ratio, and quick ratio have all is current as relative to currentes Most of these changes are the result of an