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: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets 1. Working capital 2. Current ratio Current liabilities: Accounts and notes payable (short-term) $385,000 Accrued liabilities 165,000 Total current liabilities $630,000 $550,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 3. Quick ratio b. The liquidity of Nilo has Current Year $335,200 388,100 158,700 665,300 342,700 $1,890,000 $ $365,400 264,600 $264,000 297,000 99,000 402,600 257,400 $1,320,000 Previous Year $ 4 from the preceding year to the current year. The working capital, current ratio, and quick ratio have all in current assets relative to current liabilities. Most of these changes are the result of an

Current posikion abalysis The following data were taken from the balance sheet of Nalo Company at the end of two recent fiscal years: a. Determine for each vear (1) the workino capial, (2) the curreqt ratio, and (3) the quick ratio. Round ratios to one decimal place. b. The liqudity at wite has from the preceding wart to the current vear, The working capital, current rabo, and quick rabia have aif - Most of these changes are the result of an In camrent assets rebative to current liabilitios