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 $402,000 465,500 190,500 $320,000 360,000 120,000 Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses 242,900 170,800 109,200 125,100 Total current assets $1,426,000 $1,080,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities $266,800 193,200 $460,000 $280,000 120,000 $400,000 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 1. Working capital 2. Current ratio 3. Quick ratio 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 these changes are the result of an 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