1,0 student . Liferay T.ble of Contents-IST-1Cera cenagervovrV2Ionr e The Following OgtaWere Tz Chapter 14 Show Me How Calculator eBook Current Position Analysis 1. EX.14.04 The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years 2. EX.14.06 Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses $391,000 515,000 634,000 368,000 182,000 $2,090,000 $300,000 354,000 426,000 222,000 138,000 $1,440,000 Total current assets Current liabilities: Accounts and notes payable (short-term) $725,000 275,000 $1,000,000 $600,000 300,000 $900,000 Accrued liabilities Total current liabilities a. Determine for each year (1) the working capltal, (2) the current ratlo, and (3) the quick ratlo, Round ratlos to one decimal place Current Year Previous Year 1. Working capital 2. Current ratio 3. Quick ratio Check My Work Previous Progress: 2/2 items h, p 10:10AM student Lifera T.ble of Contents-IST-1Cera Chapter 14 Show Me How Calculator eBook 1. EX.14.04 Current assets Cash Marketable securitles Accounts and notes recelvable (net) Inventories Prepaid expenses $391,000 515,000 634,000 368,000 182,000 $2,090,000 $300,000 354,000 426,000 222,000 138,000 $1,440,000 2. EX.14.06 Total current assets Current liabilities: Accounts and notes payable (short-term) $725,000 275,000 $1,000,000 $600,000 300,000 $900,000 Accrued liabilities Total current llabilities 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 ratic 3. Quick ratio b. The liquidity of Nilo has have all from the preceding year to the current year. The working capltal, current ratio, and quick ratio Most of these changes are the result of an in current assets relative to current liabilities. Check My Work Previous Progress: 2/2 items