ent year capital, 170,000 EX 14-6 Current position analysis Obj. 3 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 $ 414,000 $ 320,000 Marketable securities 496,800 336,000 Accounts and notes receivable (net) 619,200 464,000 Inventories 351,900 272,000 Prepaid expenses 188,100 208,000 Total current assets $2,070,000 $1,600,000 Current liabilities: Accounts and notes payable (short-term) 5 675,000 $ 600,000 Accrued liabilities 225,000 200,000 Total current liabilities 5 900,000 $ 800,000 A. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick und ratios to one decimal place.) What conclusions can be drawn from these data as to the company's ability to meet its currently maturing debts