The following data were taken from the balance sheet of Nilo Company at the end of Current Year Previous Year Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $426,400 493,700 201,900 370,300 190,700 $1,683,000 1. Working capital 2. Current ratio 3. Quick ratio $295,800 214,200 $510,000 $352,000 396,000 132,000 241,600 154,400 $1,276,000 $308,000 132,000 $440,000 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

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