Question 6:

The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years:

	Current Year		Previous Year
Current assets:
Cash	$335,900			$270,000
Marketable securities	389,000			303,800
Accounts and notes receivable (net)	159,100			101,200
Inventories	995,300			686,200
Prepaid expenses	512,700			438,800
	Total current assets	$2,392,000			$1,800,000
Current liabilities:
Accounts and notes payable
	(short-term)	$301,600			$315,000
Accrued liabilities	218,400			135,000
	Total current liabilities	$520,000			$450,000

a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.

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 $