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 $391,000 $300,000 Marketable securities 515,000 354,000 Accounts and notes receivable (net) 634,000 426,000 Inventories 368,000 222,000 182,000 138,000 Prepaid expenses $2,090,000 $1,440,000 Total current assets Current liabilities: Accounts and notes payable (short-term) $600,000 $725,000 275,000 300,000 Accrued liabilities $1,000,000 $900,000 Total current liabilities a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place Previous Year Current Year 1,099,999 $ X $ S40,000 , 1. Working capital 2.09 1.60 X 2 Current ratio 1.54 X 1.20 3. Quick ratio Previous Check My Work 7 more Check My Work uses remaining