Book HishedMain.do Show Ma How Current Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $383,000 $319,200 Marketable securities 443,500 359.100 Accounts and notes receivable (net) 181,500 119,700 Inventories 823,700 563,600 Prepaid expenses 424.300 360,400 Total current assets $2,256,000 $1.722.000 Current liabilities: Accounts and notes payable (short-term) $278.400 $294,000 Accrued liabilities Total current liabilities 201,600 $480.000 126.000 $420,000 a. Determine for each year (1) the working capital, (2) the cument ratio, and (3) the quick ratio, Round ratios to one decimal place. 1. Working capital Current Year Previous Year a A E 2. Current ratio 3. Quick ratio b. The lauidity of Albertini has, of an from the preceding year to the current year. The working capital, current ratio, and quick ratio have all in current assets relative to current liabilities. Most of these changes are the result Oweck My Work Q Search Previous Next San and Est Submit Assignment for Grading 948 62 11/201