neht Submifled 6. EX 14-6 The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years Current position analysis Objective 3 Current Year Previous Year Current assets Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses $ 320,000 336,000 464,000 272,000 414,000 496,800 619,200 351,900 188,100 S2,070,000 Total current assets $1,600,000 Accounts and notes payable (short term) Accrued liabilities S 600,000 200,000 800,000 225,000 $ 900,000 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.) B What conclusions can be drawn trom these data as to the company's ability to meet its currently maturing debts? 4/25/2018 to search