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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

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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 Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilites a. Determine for esch year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 3. Quick ratio

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