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 Marketable securities $563,200 $462,400 652,100 520,200 Accounts and notes receivable (net) 266,700 173,400 Inventories 669,200 456,300 Prepaid expenses 344,800 291,700 Total current assets $2,496,000 $1,904,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $452,400 $476,000 327,600 $780,000 204,000 $680,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 1. Working capital Current Year Previous Year 2. Current ratio 3. Quick ratio b. The liquidity of Albertini has from the preceding year to the current year. The working capital, current ratio, and quick ratio have all . Most of these changes are the result of an in current assets relative to current liabilities.