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 $348,800 $282,000 Marketable securities 403,900 317,300 Accounts and notes receivable (net) 165,300 105,700 Inventories 1,069,200 802,800 Prepaid expenses 550,800 513,200 Total current assets $2,538,000 $2,021,000 Current liabilities: Accounts and notes payable (short-term) $313,200 $329,000 Accrued liabilities 226,800 141,000 Total current liabilities $540,000 $470,000