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 $643,500 $511,200 847,500 603,200 Accounts and notes receivable (net) 1,043,400 725,600 Inventories 1,276,100 907,600 Prepaid expenses 631,100 564,400 $4,441,600 $3,312,000 Total current assets Current liabilities: Accounts and notes payable (short-term) $928,000 $766,700 Accrued liabilities Total current liabilities 352,000 $1,280,000 383,300 $1,150,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.