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 $407,000 $316,800 Marketable securities 471,200 356,400 Accounts and notes receivable (net) 192,800 118,800 Inventories 875,200 644,200 Prepaid expenses 450,800 411,800 Total current assets $2,397,000 $1,848,000 Current liabilities: Accounts and notes payable (short-term) $295,800 $308,000 132,000 Accrued liabilities 214,200 $510,000 Total current liabilities $440,000 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 Nilo 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