Current position analysis The following data were taken from the bolance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash Marketable securities $321,500 $246,000 Marketabie securities 372,200 276,800 Accounts and notes receivable (net) 152,300 92,200 Inventories 899,600 675,300 Prepald expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilites Total current llabilities 463,400 431,700 $1,722,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio, Round ratios to one decimal place. b. The liquidity of Nilio has 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 an in current assets relative to current labilities