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 Marketable securities Accounts and notes receivable (net) Inventories $192,000 216,000 72,000 $262,200 303,600 124,200 1,062,600 547,400 $2,300,000 829,600 530,400 $1,840,000 Prepaid expenses Total current assets Current liabilities: Accounts and Totes payable (short-term) Accrued liabilities $266,800 193,200 $280,000 120,000 $460,000 $400,000 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. 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