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 $518,300 $410,400 Marketable securities 600,200 461,700 Accounts and notes receivable (net) 245,500 153,900 Inventories 613,800 428,200 Prepaid expenses 316,200 273,800 $2,294,000 $1,728,000 Total current assets Current liabilities: Accounts and notes payable (short-term) $359,600 $378,000 Accrued liabilities 260,400 162,000 $620,000 $540,000 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 Most of these changes are b. The liquidity of Nilo has from the preceding year to the current year. The working capital, current ratio, and quick ratio have all in current assets relative to current liabilities the result of an