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 securitiles Accounts and notes receivable (net) Inventories Prepaid expenses $503,900 583,400 238,700 720,700 371,300 $2,418,000 $408,000 459,000 153,000 497,800 318,200 $1,836,000 Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities $452,400 327,600 $780,000 $476,000 204,000 $680,000 Total current liabilities a. Determine for each year (1) the working capita, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place Current Year Previous Year capital 2. Current ratio 3. Quick ratio 1. working1,638,000 1156,000 v 2.7 V 21 x 3.1 V 2 X b. The liquidity of Nilo has improved Y from the preceding year to the current year The working captal, current ratio, and quick ratio have al Increased Most of