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Current portion analysis The following data were taken from the balance sheet of Nilo Company at the end of the recent cal years Current Year
Current portion analysis The following data were taken from the balance sheet of Nilo Company at the end of the recent cal years Current Year Previous Year Current assets Cash $354,600 $304,000 Marketable securities 445.300 142.000 Accounts and notes receivable (net) 182,100 114,000 Inventores 546,500 365,000 Prepaid expenses 281,500 234,000 Total current assets 51.040,000 $1.360,000 Current is Accounts and notes payable (short-term) 1266.000 $200,000 Accrued abilities 193,200 120.000 Total current liabilities S460,000 5400.000 .. Determine for each year the working at the current and the quick Hound ratios to one decimal place Current Year Previous Year 1. Working Capital 2 Current ratio 3. Quick ratio b. The buity of Minas from the preceding wear to the current year. The working capital, current ratio, and quick to have a rest of an current ses relative to current abities. Most of these charges are the
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