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 $457,500 $385,000 Marketable securities 602,600 454,300 741,900 546,700 Accounts and notes receivable (net) Inventories 716,600 446,300 Prepaid expenses 354,400 277,500 Total current assets $2,873,000 $2,109,800 Current liabilities: Accounts and notes payable (short-term) $616,300 $513,400 Accrued liabilities 233,700 256,600 Total current liabilities $850,000 $770,000 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. Open spreadsheet a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round the ratios to one decimal place and the working capital to the nearest dollar. Current Year Previous Year 1. Working capital 2. Current ratio 3. Quick ratio from the preceding year to the current year. The working capital, current ratio, and quick ratio have all Most of these changes are the result of a(n) in current b. The liquidity of Nilo has assets relative to current liabilities