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he following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current

he 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 $434,700 $342,000
Marketable securities 503,400 384,800
Accounts and notes receivable (net) 205,900 128,200
Inventories 240,200 164,700
Prepaid expenses 123,800 105,300
Total current assets $1,508,000 $1,125,000
Current liabilities:
Accounts and notes payable
(short-term) $301,600 $315,000
Accrued liabilities 218,400 135,000
Total current liabilities $520,000 $450,000

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 $fill in the blank 1 $fill in the blank 2
2. Current ratio fill in the blank 3 fill in the blank 4
3. Quick ratio fill in the blank 5 fill in the blank 6

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