Question: 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

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
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
Working capital
Current ratio
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.
Current position analysis The following data were taken from the balance

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