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				$627,000			$494,000
Marketable securities				726,000			555,800
Accounts and notes receivable (net)				297,000			185,200
Inventories				544,500			277,500
Prepaid expenses				280,500			177,500
	Total current assets			$2,475,000			$1,690,000
Current liabilities:
Accounts and notes payable
	(short-term)			$435,000			$455,000
Accrued liabilities				315,000			195,000
	Total current liabilities			$750,000			$650,000

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