help with the red blanks asap!! thank you!!
Current Position Analysis The following date were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: $458,700 5347,200 Marketable securities 531,100 390,600 Accounts and notes receivable (net) 217,200 130,200 Inventories 1,452,700 1,059,000 Prepaid expenses 748,300 677,000 Total current assets $3,400,000 $2,604,000 Current biti: Accounts and notes payable (short-term) 3411,800 $434,000 Accrued abilities 298,200 186,000 Total current liabilities $710,000 $620,000 a. Determine for each year (1) the world capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Worldng 2,312,000 X capital 3,042,000 X 2. Current ratio 5 X 4 X 3. Quick ratio 1.70 1.40 b. The liquidity of Nilo has improved from the preceding year to the current year. The working capital current ratio, and quick ratio have all incre Most of the the rest of Innent contratto che Check My Work Previous oms Current Position Analysis The following date were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year Previous Year Current assets: $458,700 5347,200 Marketable securities 531,100 390,600 Accounts and notes receivable (net) 217,200 130,200 Inventories 1,452,700 1,059,000 Prepaid expenses 748,300 677,000 Total current assets $3,400,000 $2,604,000 Current biti: Accounts and notes payable (short-term) 3411,800 $434,000 Accrued abilities 298,200 186,000 Total current liabilities $710,000 $620,000 a. Determine for each year (1) the world capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Worldng 2,312,000 X capital 3,042,000 X 2. Current ratio 5 X 4 X 3. Quick ratio 1.70 1.40 b. The liquidity of Nilo has improved from the preceding year to the current year. The working capital current ratio, and quick ratio have all incre Most of the the rest of Innent contratto che Check My Work Previous oms