Va. (1) Current year working capital, $1,100,000 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: SHOW EXCEL ME HOW ONLINE Current Year Previous Year Current assets: Cash Marketable securities $ 375,000 $300,000 500,000 354,000 Accounts and notes receivable (net) 625,000 426,000 Inventories Prepaid expenses 410,000 222,000 190,000 Total current assets $2,100,000 138,000 $1,440,000 Current liabilities: Accounts and notes payable (short-term) $ 725,000 $ 600,000 Accrued liabilities 300,000 Total current liabilities 275,000 $1,000,000 $ 900,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. b. What conclusions can be drawn from these data as to the company's ability to meet its currently maturing debts? 743 1465