urrent position analysis

The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years:

Line Item Description	Current Year	Previous Year
Current assets:
Cash	$450,300	$331,200
Marketable securities	521,400	372,600
Accounts and notes receivable (net)	213,300	124,200
Inventories	1,668,500	1,220,600
Prepaid expenses	859,500	780,400
Total current assets	$3,713,000	$2,829,000
Current liabilities:
Accounts and notes payable (short-term)	$458,200	$483,000
Accrued liabilities	331,800	207,000
Total current liabilities	$790,000	$690,000

a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.

Line Item Description	Current Year	Previous Year
1. Working capital	$fill in the blank 1	$fill in the blank 2
2. Current ratio	fill in the blank 3	fill in the blank 4