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 $409,600 5326.800 Marketable securities 474,300 367,700 Accounts and notes receivable (net) 194,100 122.500 Inventories 808,500 629,500 Prepaid expenses 416,500 402.500 Total current assets $2,303,000 51,849,000 Current liabilities: Accounts and notes payable 5284,200 5301,000 (short-term) Accrued liabilities Total current liabilities 205,800 129.000 5490,000 $430,000 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