Current position analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current assets: Current Year Previous Year Cash $335,200 $258,000 Marketable securities 388,100 290,300 Accounts and notes receivable (net) 158,700 96,700 Inventories 905,500 708,200 Prepaid expenses 466,500 452,800 Total current assets $2,254,000 $1,806,000 Current liabilities: Accounts and notes payable (short-term) $284,200 $301,000 Accrued liabilities 205,800 129,000 Total current liabilities $490,000 $430,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 1. Working capital Current Year Previous Year 2. Current ratio 3. Quick ratio 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