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Just need the amounts Current Position Analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent

Just need the amounts

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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 Y Current assets: Cash $491,000 $401,200 Marketable securities 568,500 451,400 Accounts and notes receivable (net) 232,500 150,400 Inventories 987,400 719,800 Prepaid expenses 508,600 460,200 Total current assets $2,788,000 $2,183,000 Current liabilities: Accounts and notes payable (short-term) $394,400 $413,000 Accrued liabilities 285,600 177,000 Total current liabilities $680,000 $590,000 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 3. Quick ratio b. The liquidity of Nilo has improved v from the preceding year to the current year. The working capital, current ratio, and quick ratio have all increased v . Most of these changes are the result of an increase in current assets relative to current liabilities

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