Current Year Previous Year Current assets: Cash $591,500 $511,200 Marketable securities 779,000 603,200 Accounts and notes receivable (net) 959,100 725,600 Inventories 2,183,900 1,411,100 Prepaid expenses 1,080,100 877,400 Total current assets $5,593,600 $4,128,500 Current liabilities: Accounts and notes payable (short-term) $928,000 $766,700 Accrued liabilities 352,000 383,300 Total current liabilities $1,280,000 $1,150,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.