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: $302,100 $239,200 Cash 349,800 269,100 Marketable securities 89,700 Accounts and notes receivable (net) 143,100 673,400 Inventories 979,400 504,600 430,600 Prepaid expenses $1,702,000 $2,279,000 Total current assets Current liabilities: Accounts and notes payable $307,400 $322,000 (short-term) 222,600 138,000 Accrued liabilities $460,000 $530,000 Total current liabilities a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Previous Year Current Year 1. Working capital 2. Current ratio 3. Quick ratio from the preceding year to the current year. The working b. The liquidity of Nilo has Most of these changes are the result of an capital, current ratio, and quick ratio have all in current assets relative to current liabilities