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 Marketable securities $397,100 459,800 188,100 617,100 $326,400 367,200 122,400 351,400 224,600 $1,392,000 317,900 $1,980,000 Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $319,000 231,000 $550,000 $336,000 144,000 $480,000 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 . Most of these changes are the result of an b. The liquidity of Nilo has from the preceding year to the current year. The working capital, current ratio, and quick ratio have all in current assets relative to current liabilities