Current Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Current assets: Current Year Previous Year Cash $417,200 $318,000 Marketable securities 483,100 357,800 Accounts and notes receivable (net) 197,700 119,200 Inventories 1,288,300 1,002,200 Prepaid expenses 663,700 640,800 Total current assets $3,050,000 $2,438,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $353,800 $371,000 255,200 $610,000 159,000 $530,000 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 Albertini has improved from the preceding year to the current year. The working 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