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 $510,700 5411,600 Marketable securities 591,400 463.100 Accounts and notes receivable (net) 241,900 154,300 Inventories 776.200 538,000 Prepaid expenses 399,800 344,000 Total current assets $2,520,000 51,913,000 Current abilities: Accounts and notes payable (short-term) 5324,800 $343,000 Accrued liabilities 235,200 147,000 Total current abilities $560,000 5490,000 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 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