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 $430,900 $330,000 Marketable securities 499,000 371,300 Accounts and notes receivable (net) 204,100 123,700 Inventories 956,300 704,500 Prepaid expenses 492,700 450,500 Total current assets $2,583,000 $1,980,000 Current liabilities: Accounts and notes payable (short-term) $365,400 $385,000 Accrued abilities 264,600 165,000 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. Current Year Previous Year 1. Working capital 2. Current ratio 3. 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 MART then the fan in teateronth 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 1. Working capital 2. Current ratio 3. 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 al Most of these changes are the result of an in current assets relative to current lates