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 $541,900 $432,000) Marketable securities 627,400 486,000) Accounts and notes receivable (net) 256,700 162,000 Inventories 204,600 65,900 Prepaid expenses 105,400 42,100 Total current assets $1,736,000 $1,188,000 Current liabilities Accounts and notes payable (short-term) $359,600 $370,000 Accrued liabilities 200,400 102,000 Total current liabilities $620,000 $540,000 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 2. Current ratio: 3. Quick ratio b. The liquidity of Nilo has changes are the result of an Current Year Previous Year from the preceding year to the current year The working capital, current ratio, and quick ratio have all g in current assets relative to current liabilities Most of these