need help please

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 $392,900 $311,600 Marketable securities 455,000 350,600 Accounts and notes receivable (net) 156,100 116,800 Inventories 341,200 225,100 Prepaid expenses 175,800 143,900 Total current assets $1,551,000 $1,148,000 Current liabilities: Accounts and notes payable (short-term) 5272,600 $287,000 Accrued liabilities 197,400 123,000 Total current liabilities $470,000 $410,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Worldng capital 2. Current ratio 3. Quick ratio b. The liquidity of Nilo has improved from the preceding year to the current year. The working capital, Current ratio, and quick ratio have all increased Most of these changes are the result of an increase in current assets relative to currentes Previous Next