Having trouble finding the quick ratio

Homepage - BUS-121-D20 - Bus x y CengageNOWv2 | Online teachin x + m/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=f 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 $600,000 Accrued liabilities 275,000 300,000 Total current liabilities $1,000,000 $900,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ra Current Year Previous Year 1. Working capital 1,090,000 540,000 2. Current ratio 1.6 3. Quick ratio 1.20 b. The liquidity of Nilo has improved v | from the preceding year to the current year. The working capit increased v . Most of these changes are the result of an increase in current assets relative to cur Check My Work 99+ hp