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My Home X CengageNOWv2 | Online teaching X + LO X F C v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssign... @ V D . . . Ch 17-3 Exercises and Problems eBook Show Me How Calculator Print item Current Position Analysis 1. EX.17-01.ALGO The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: 2. EX.17-04.ALGO Current Year Previous Year 3. EX.17-05.ALGO Current assets: Cash $438,900 $364,800 4. EX.17-06.ALGO Marketable securities 508,200 410,400 Accounts and notes receivable (net) 207,900 136,800 5. EX.17-19.ALGO Inventories 726,000 468,500 6. EX.17-20.ALGO Prepaid expenses 374,000 299,500 Total current assets $2,255,000 $1,680,000 7. EX.17-21.A Current liabilities 8. PR.17-04.ALGO Accounts and notes payable (short-term) $319,000 $336,000 Accrued liabilities 231,000 144,000 Total current liabilities $550,000 $480,000 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 from the preceding year to the current year. The working capital, current ratio, and quick ratio have all . Most of these changes are the result of an in current assets relative to current liabilities Progress: 4/8 items Check My Work 2 more Check My Work uses remaining. Previous Next Assignment Score: 40.12% All work saved. Email Instructor Save and Exit submit Assignment for Grading 9 2 9:24