Current assets: Cash $348,800 $264,000 Marketable securities 403,900 297,000 Accounts and notes receivade (net) 165,300 99,000 Inventories 538,600 322,100 Prepaid expenses 277,400 205,900 Total current assets $1,734,000 $1,188,000 Current liabilities: Accounts and notes payable (short-term) $295,800 $308,000 Accrued liabilities 214,200 132,000 Total current liabilities $510,000 $440,000 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 3. Quick ratio b. The liquidity of Nilo has from the preceding year to the current year. The working capital, current ratio, and quick in current assets relative to current ratio have all . Most of these changes are the result of an liabilities. Previous Next >