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Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Yea
Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Yea Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses $622,400 720,700 294,900 978,100 503,900 $3,120,000 $489,600 550,800 183,600 622,200 397,800 $2,244,000 Total current assets Current liabilities: Accounts and notes payable (short-term) $452,400 327,600 $780,000 $476,000 204,000 $680,000 Accrued liabilities Total current liabilities
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