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 assets $319,600 359,600 119,800 372,700 238,300 $1,410,000 Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses $389,900 451,400 184,700 534,600 275,400 $1,836,000 Total current assets Current liabilities Accounts and notes payable $313,200 226,800 $540,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place $329,000 141,000 $470,000 (short-term) Accrued liabilities Total 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 Current YearPrevious Year 1. Working capital 2. Current ratio 3. Quick ratio