eBook Current assets Cash Marketable securities Accounts and notes receivable net Inventories Prepaid expenses Total current assets Current liabilities Accounts and notes payable short term Accrued liabilities Current Year 1 Working capital 2 Current ratio 3 Quick ratio b The liquidity of Nilo has have all 699 200 809 600 331 200 686 400 353 600 2 880 000 464 000 490 000 210 000 336 000 800 000 Total current liabilities 700 000 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 Previous Year 588 000 661 500 220 500 469 700 300 300 2 240 000 from the preceding year to the current year The working capital current ratio and quick ra in current assets relative to current liabilities Most of these changes are the result of an