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 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities $450,300 521,400 213,300 1,824,900 940,100 $3,950,000 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Nilo has these changes are the result of an $458,200 331,800 $790,000 $483,000 207,000 $690,000 Total current liabilities 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 $358,800 403,700 134,500 1,304,800 834,200 $3,036,000 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

Current Position Analysis The following data were taken from the balunce sheet of Nils Company at the end of two recent fiscal years: A. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio, Round ratios to one decimal place. b. The Hquidity of Nito has these changes are the result of an Efrom the preceding vear to the current year. The nowing copital, current ratio, and quick ratio have ail in current assets relative to current lobalties. Most of