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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 fecal years: Current assets:
Current position analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fecal years: Current assets: Current Year Previous Year Cash $495,200 $304,000 Marketable securities 576,800 432,000 Accounts and notes receivable (net)) 236,000 144,000 637,400 366,000 Prepaid expenses 320,400 234,000 Total current assets 12,277,000 $1,500,000 Current liabilities Accounts and notes payable (short-term) $400,200 $420,000 Accred Total current abilities 200,000 $190.000 180,000 $600,000 a. Determine for each year (1) the working capital, (2) the current rats, and (3) the quick ratin Round ratios to one decimal place 3. Working capital 2. Centra 3. Quick Current Year Previous Year The audity of has from the preceding year to the current year. The working capital, cerent rats and a
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