Current Position Analysis The following data were taken from the balance sheet of Gostkowski Company at the end of two recent fiscal years: Current Year Previous Year Cash $480,000 $392,000 Marketable securities 576,000 411,600 Accounts and notes receivable (net) 384,000 316,400 Inventories 408,000 333,200 Prepaid expenses 552,000 506,800 Total current assets $2,400,000 $1,960,000 Accounts and notes payable (short-term) $600,000 $525,000 Accrued liabilities 200,000 175,000 Total current liabilities $800,000 $700,000 a. Determine for each year (1) the working capital, (2) the current ratio, 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 Gostkowski 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.