Obj. 3 The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Show Me How Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $ 414,000 496,800 619,200 351,900 188,100 $2,070,000 $ 320,000 336,000 464,000 272,000 208,000 $1,600,000 $ 675,000 225,000 $ 900,000 $ 600,000 200,000 $ 800,000 a. Determine for each year (1) the working capital (2) the current ratio, and (3) the quick ratio, Round ratios to one decimal place. Answer + a