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gnment/take AssignmentMain.do?invoker-assignments&take AssignmentSessionLocator=assignment-take&inprogress=false eBook Show Me How Calculator Print Item Current Position Analysis The following data were taken from the balance sheet of Nilo Company
gnment/take AssignmentMain.do?invoker-assignments&take AssignmentSessionLocator=assignment-take&inprogress=false 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 $450,300 $358,800 Marketable securities 521,400 403,700 Accounts and notes receivable (net) 213,300 134,500 Inventories 834,200 505,100 Prepaid expenses 429,800 322,900 Total current assets $2,449,000 $1,725,000 Current liabilities: Accounts and notes payable (short-term) $458,200 $483,000 Accrued liabilities 331,800 207,000 Total current liabilities $790,000 $690,000 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 Check My Work 2 more Check My Work uses remaining. DO
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