Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $478,800 $601,900 697,000 Marketable securities 538,700 Accounts and notes receivable (net) 179,500 Inventories 285,100 1,089,000 561,000 834,500 Prepaid expenses 533,500 Total current assets $3,234,000 $2,565,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities $382,800 277,200 $660,000 $399,000 171,000 Total current liabilities $570,000 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 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 b. The liquidity of Nilo has current assets relative to current liabilities