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 $519,800 $403,200 Marketable securities 601,900 453,600 Accounts and notes receivable (net) 246,300 151,200 Inventories 522,700 307,400 Prepaid expenses 269,300 196,600 Total current assets $2,160,000 $1,512,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities $417.600 $441,000 302,400 $720,000 189,000 Total current liabilities $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 squidity of hilo has) 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