Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Current Year 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Nilo has have all $699,200 809,600 331,200 686,400 353,600 $2,880,000 Previous Year $464,000 $490,000 210,000 336,000 $800,000 Total current liabilities $700,000 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 $588,000 661,500 220,500 469,700 300,300 $2,240,000 from the preceding year to the current year. The working capital, current ratio, and quick ratio in current assets relative to current liabilities. Most of these changes are the result of an

b. The llquidity of Nilo has from the preceding year to the current year. The working capital, current ratio, and quick ra have all Most of these changes are the result of an In current assets relative to current liabilities