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: $570,400 660,400 270,200 938,500 483,500 $2,923,000 $469,200 527,900 175,900 589,300 376,700 $2,139,000 Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities Accounts and notes payable $483,000 207,000 $690,000 (short-term) $458,200 331,800 $790,000 Accrued liabilities Total current liabilities 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 Nilo 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