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BignmentMain.do?irwoker=&takeAssignmentSessionLocator=&inprogress=false $ Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years:

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BignmentMain.do?irwoker=&takeAssignmentSessionLocator=&inprogress=false $ 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 $440,000 $360,000 Marketable securities 510,400 405,000 Accounts and notes receivable (net) 208,800 135,000 Inventories 574,200 396,500 Prepaid expenses 295,800 253,500 Total current assets $2,030,000 $1,550,000 Current liabilities: Accounts and notes payable (short-term) 1 $336,400 $350,000 Accrued liabilities 243,600 150,000 Total current liabilities $580,000 $500,000 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 check My Wods 2 more Check My Work uses remaining Save and Exit Submit Assament for Grading

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