Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses $620,200 $495,600 718,100 557,600 293,700 185,800 1,032,200 719,800 531,800 460,200 Total current assets $3,195,000 $2,419,000 Current liabilities: Accounts and notes payable (short-term); $394,400 $413,000 Accrued liabilities 285,600 177,000 Total current liabilities $680,000 $590,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to une decimal place Current Year Previous Year 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Nido hast from the preceding year to the current year. The working capital, current ratio, and quick ratio have all Most of these changes are the result of an