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 securities Accounts and notes receivable (net) Inventories Prepaid expenses $592,800 686,400 280,800 1,492,900 769,100 $462,400 520,200 173,400 1,120,000 716,000 $2,992,000 Total current assets 53 822,000$2.92,000 Current liabilities: Accounts and notes payable (short-term) $452,400 327,600 $780,000 $476,000 204,000 $680,000 Accrued labilities Total current liabilities