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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

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 $406,600 $341,700
Marketable securities 535,600 403,200
Accounts and notes receivable (net) 659,400 485,100
Inventories 657,600 424,700
Prepaid expenses 325,200 264,100
Total current assets $2,584,400 $1,918,800
Current liabilities:
Accounts and notes payable (short-term) $659,800 $546,700
Accrued liabilities 250,200 273,300
Total current liabilities $910,000 $820,000
  1. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round the ratios to one decimal place and the working capital to the nearest dollar.

    Current Year Previous Year
    1. Working capital $fill in the blank 2 $fill in the blank 3
    2. Current ratio fill in the blank 4 fill in the blank 5
    3. Quick ratio fill in the blank 6 fill in the blank 7

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