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Current assets: Cash $418,700 $362,500 Marketable securities 551,400 427,800 Accounts and notes receivable (net) 678,900 514,700 Inventories 713,900 434,500 Prepaid expenses 353,100 270,200 Total current
Current assets: Cash $418,700 $362,500 Marketable securities 551,400 427,800 Accounts and notes receivable (net) 678,900 514,700 Inventories 713,900 434,500 Prepaid expenses 353,100 270,200 Total current assets $2,716,000 $2,009,700 Current liabilities: Accounts and notes payable (short-term) $703,300 $580,000 Accrued liabilities 266,700 290,000 Total current liabilities $970,000 $ 870,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round the ratios to one decimal place and the working capital to the nearest dollar. 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 ratio have all Most of these changes are the result of a(n) in current assets relative to current liabilities
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