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 $355,300 $268,800 Marketable securities 411,400 302,400 Accounts and notes receivable (net) 168,300 100,800 Inventories 1,052,700 761,300 Prepaid expenses 542,300 486,700 Total current assets $2,530,000 $1,920,000 Current liabilities: Accounts and notes payable (short-term) $336,000 $319,000 231,000 Accrued liabilities 144,000 Total current liabilities $550,000 $480,000 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