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 $295,200 $357,200 413,600 Marketable securities 332,100 110,700 Accounts and notes receivable (net) Inventories 169,200 651,400 450,200 Prepaid expenses 335,600 287,800 Total current assets $1,927,000 $1,476,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities $272,600 197,400 $287,000 123,000 Total current liabilities $470,000 $410,000 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 b. The liquidity of Nilo has improved from the preceding year to the current year. The working capital, current ratio, and quick ratio have all increased result of an increase in current assets relative to current liabilities. Feather