Current Year			Previous Year
Current assets:
Cash				$443,100			$368,000
Marketable securities				513,000			414,000
Accounts and notes receivable (net)				209,900			138,000
Inventories				244,900			84,200
Prepaid expenses				126,100			53,800
	Total current assets			$1,537,000			$1,058,000
Current liabilities:
Accounts and notes payable
	(short-term)			$307,400			$322,000
Accrued liabilities				222,600			138,000
	Total current liabilities			$530,000			$460,000

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.

PART 2

Property, plant, and equipment (net)						$1,278,900
Liabilities:
	Current liabilities			$123,000
	Note payable, 6%, due in 15 years			609,000
	Total liabilities					$732,000
Stockholders' equity:
	Preferred $2 stock, $100 par (no change during year)					$549,000
	Common stock, $10 par (no change during year)					549,000
Retained earnings:
	Balance, beginning of year	$586,000
	Net income	202,000		$788,000
	Preferred dividends	$10,980
	Common dividends	45,020		56,000
	Balance, end of year					732,000
Total stockholders' equity						$1,830,000
Sales						$13,988,800
Interest expense						$36,540

Assuming that total assets were $2,434,000 at the beginning of the current fiscal year, determine the following. When required, round to one decimal place.

a. Ratio of fixed assets to long-term liabilities
b. Ratio of liabilities to stockholders' equity
c. Asset turnover
d. Return on total assets	%
e. Return on stockholders equity	%
f. Return on common stockholders' equity	%