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 $340,500 $268,800 Marketable securities 394,200 302,400 Accounts and notes receivable (net) 161,300 100,800 Inventories 675,800 409,900 Prepaid expenses 348,200 262,100 Total current assets $1,920,000 $1,344,000 Current liabilities: Accounts and notes payable (short-term) $371,200 $392,000 Accrued liabilities 268,800 168,000 Total current liabilities $640,000 $560,000