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 $688,600 $570,000 Marketable securities Accounts and notes receivable (net) 906,900 672,600 1,116,500 809,400 Inventories 192,700 66,600 Prepaid expenses 95,300 $3,000,000 Total current assets 41,400 $2,160,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities $870,000 330,000 $1,200,000 $720,000 360,000 $1,080,000 Total current liabilities This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round the ratios to one decimal place and the working capital to the nearest dollar. Current Year Previous Year $ $ 1. Working capital 2. Current ratio 3. Quick ratio from the preceding year to the current year. The working capital, current ratio, and quick . Most of these changes are the result of an) in current assets relative to b. The liquidity of Nilo has ratio have all current liabilities