Current position analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Line Item Description Current Year Previous Year Current assets: Cash $349,800 $287,800 Marketable securities 460,700 339,600 Accounts and notes receivable (net) 567,100 408,600 Inventories 872,400 606,900 Prepaid expenses 431,400 377,300 Total current assets $2,681,400 $2,020,200 Current liabilities: Accounts and notes payable (short-term) $594,500 $493,400 Accrued liabilities 225,500 246,600 Total current liabilities $820,000 $740,000