Current assets:

Current liabilities:

Accounts and notes payable $($short$-$term$)$

Accrued liabilities

Total current liabilities

a$.$ Determine for each year $(1)$ the working capital, $(2)$ the current ratio, and $(3)$ the quick ratio. Round ratios to one decimal place.

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 an

in current assets relative to current liabilities.