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eBook CengageNOWV21 Online teaching and learning resource from Cengage Learning Show Me How Current position analysis Office 365 The following data were taken from
eBook CengageNOWV21 Online teaching and learning resource from Cengage Learning Show Me How Current position analysis Office 365 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 $478,200 $386,700 Marketable securities 629,800 456,300 Accounts and notes receivable (net) 775,400 549,000 Inventories 2,062,900 1,351,800 Prepaid expenses 1,020,200 840,600 Total current assets $4,966,500 $3,584,400 Current liabilities: Accounts and notes payable (short-term) $935,300 $773,400 Accrued liabilities Total current liabilities 354,700 $1,290,000 386,600 $1,160,000 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 Open spreadsheet ach year (1) the working capital, (2) the current ratio, and (3) the quick ratio, Round the ratios to one decimal place and the working capital to the
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