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				$383,000			$302,400
Marketable securities				443,500			340,200
Accounts and notes receivable (net)				181,500			113,400
Inventories				348,500			230,600
Prepaid expenses				179,500			147,400
	Total current assets			$1,536,000			$1,134,000
Current liabilities:
Accounts and notes payable
	(short-term)			$278,400			$294,000
Accrued liabilities				201,600			126,000
	Total current liabilities			$480,000			$420,000

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.