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 $300,000 Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets $391,000 515,000 634,000 368,000 354,000 426,000 222,000 138,000 $1,440,000 182,000 $2,090,000 Current liabilities: Accounts and notes payable (short-term) $600,000 Accrued liabilities $725,000 275,000 $1,000,000 Total current liabilities 300,000 $900,000 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. Check My Work Previous Next > Save and Exit Submit Assignment for Grading