Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current assets: Current Year Previous Year Cash $585,600 $487,200 Marketable securities 678,000 548,100 Accounts and notes receivable (net) 277,400 182,700 Inventories 707,500 495,300 Prepaid expenses 364,500 316,700 Total current assets $2,613,000 $2,030,000 Current liabilities:: Accounts and notes payable (short-term) $388,600 $406,000 Accrued liabilities Total current liabilities 281,400 $670,000 174,000 $580,000 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 1. Working capital $ 2. Current ratio : Previous Year Previous Next > C