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Current Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Current Year

Current Position Analysis

The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years:

Current Year

Previous Year

Current assets:

Current liabilities:

Accounts and notes payable

a $.$ Determine for each year $(1)$ the working capital, $(2)$ the current ratio, and $(3)$ the quick ratio. Round ratios to one decimal place.

Working capital

Previous Year

Current ratio

Quick ratio

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