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 Prevlous Year Current assets: Cash Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities a. Determine for each year (1) the working capital, (2) the current rotio, and (3) the quick rotio, 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 Ifom 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