Current Position Analysis

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

Pink W at Photo Gold Out Force ebook Show Me How Calculator Print Item 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 $391,000 515,000 634,000 368,000 182,000 $2,090,000 $300,000 354,000 426,000 222,000 138,000 $1,440,000 Prepaid expenses Total current assets Current abilities: Accounts and notes payable (short-term) $725,000 $600,000 Accrued lisbilities 275,000 300,000 Total current liabilities $1,000,000 $900,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of No has improved from the preceding year to the current year. The working capital current ratio, and of these changes are the result of an increase in current assets relative to current liabilities Check My Work? more Check My Work uses remaining Previous Nes Save and Exit Submit Assignment for Gr MacBook Air