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				$509,200			$417,600
Marketable securities				589,600			469,800
Accounts and notes receivable (net)				241,200			156,600
Inventories				1,061,300			707,600
Prepaid expenses				546,700			452,400
	Total current assets			$2,948,000			$2,204,000
Current liabilities:
Accounts and notes payable
	(short-term)			$388,600			$406,000
Accrued liabilities				281,400			174,000
	Total current liabilities			$670,000			$580,000

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.