Print Item The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current assets: Current Year Previous Year Cash $592,800 $489,600 Marketable securities 686,400 550,800 Accounts and notes receivable (net) 280,800 183,600 Inventories 566,300 248,900 Prepaid expenses 291,700 159,100 Total current assets $2,418,000 $1,632,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $452,400 $476,000 327,600 $780,000 204,000 $680,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. 1. Working capital Current Year Previous Year 2. Current ratio 3. Quick ratio 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 Most of these changes are the result of an from the preceding year to the current year. The working capital, current ratio, and quick ratio have all in current assets relative to current liabilities