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 $492,500 $394,800 Marketable securities 570,200 444,200 Accounts and notes receivable (net) 233,300 148,000 Inventories 641,500 401,400 Prepaid expenses 330,500 256,600 Total current assets $2,268,000 $1,645,000 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 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. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Nilo has from the preceding year to the current year. The worlding capital, current ratio, and quick ratio current assets relative to current liabilities