a$.$ Determine for each year $(1)$ the working capital, $(2)$ the current ratio, and $(3)$ the quick ratio. Round ratios to one decimal place.

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 an

in current assets relative to current liabilities.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 liabilities:

a$.$ Determine for each year $(1)$ the working capital, $(2)$ the current ratio, and $(3)$ the quick ratio. Round ratios to one decimal place.