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The following data were raken from the balance sheet of Nilo Company at the end of two recent fiscal vears a. Determine for each year
The following data were raken from the balance sheet of Nilo Company at the end of two recent fiscal vears a. Determine for each year (1) the working capatal, (2) the oirrent intio, and (3) the quick rabo, found natios to one decimal place. Current Year Previous Year 1. Working capital 2. Current ratio 3. Quick ratio b. The hiquidity of Nilo ha: 4 - Most of these changes are the result of an in curtent assets relace be current tatooties
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