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 $391,000 $300,000 Marketable securities 515,000 354,000 Accounts and notes receivable (net) 634,000 426,000 Inventories 368,000 222,000 Prepaid expenses 182,000 138,000 Total current assets $2,090,000 $1,440,000 Current liabilities: Accounts and notes payable (short-term) $725,000 5600,000 Accrued liabilities 275,000 300,000 Total current liabilities $1,000,000 5900,000 3. Determine for each vear (1) the change 2) the contents and (3) the under Round ratios to one dacimal place Current Year Previous Year $ 1. Working capital 1,666,000 X 3 1.247,000 X 4.4 X 3.9 X 2. Current ratio 1.7 X 1.5 X Most of these 3. Quick ratio b. The goditvlot lo has improved changes are the result of an increase from the preceding vear to the current year The World capital current ratio and quick to have all created In current acts relative to current Nen) Ime My Wome maining