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: Cash Current Year Previous Year $372,400 $285,500 Marketable securities 425,900 326,400 Accounts and notes receivable (net) 531,700 408,100 Inventories 343,200 210,600 Prepaid expenses 146,800 89,400 Total current assets $1,820,000 $1,320,000 Current liabilities: Accounts and notes payable (short-term) $404,000 $352,000 Accrued liabilities Total current liabilities 296,000 $700,000 248,000 $600,000 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.