HELP PLS FAST ACCOUNTING

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 $422,400 475,200 158,400 1,006,500 643,500 $2,706,000 Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses $548,700 635,400 259,900 1,354,300 697,700 $3,496,000 Total current assets Current liabilities Accounts and notes payable $462,000 198,000 $660,000 $440,800 319,200 $760,000 (short-term) Accrued liabilities Total current liabilities 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 Yea 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Nilo has Most of these changes are the result of an from the preceding year to the current year. The working capital, current ratio, and quick ratio have all in current assets relative to current liabilities