Current Position Analysis The following data were taken from the balance sheet of Nilo Company at...

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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 $655,500 $520,000 Marketable securities 759,000 585,000 Accounts and notes receivable (net) 310,500 195,000 Inventories 544,500 396,500 Prepaid expenses 280,500 253,500 Total current assets $2,550,000 $1,950,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities. $435,000 $455,000 315,000 195,000 $750,000 $650,000 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 2. Current ratio 3. Quick ratio: Current Year Previous Year $ 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 $655,500 $520,000 Marketable securities 759,000 585,000 Accounts and notes receivable (net) 310,500 195,000 Inventories 544,500 396,500 Prepaid expenses 280,500 253,500 Total current assets $2,550,000 $1,950,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities. $435,000 $455,000 315,000 195,000 $750,000 $650,000 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 2. Current ratio 3. Quick ratio: Current Year Previous Year $