Current Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Current assets: Current Year Previous Year Cash $404,700 $297,600 Marketable securities 468,600 334,800 Accounts and notes receivable (net) 191,700 111,600 Inventories 1,452,700 1,134,600 Prepaid expenses 748,300 725,400 Total current assets $3,266,000 $2,604,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $411,800 $434,000 298,200 $710,000 186,000 $620,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 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 b. The liquidity of Albertini has these changes are the result of an 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. Most of