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 $492,500 $378,000 Marketable securities 570,200 425,300 Accounts and notes receivable (net) 233,300 141,700 Inventories 902,900 653,300 Prepaid expenses 465,100 417,700 Total current assets $2,664,000 $2,016,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $417,600 $441,000 302,400 $720,000 189,000 $630,000 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 b. The liquidity of Albertini has Most of 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