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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 $596,800 $510,000
Marketable securities 786,000601,800
Accounts and notes receivable (net)967,600724,200
Inventories 1,406,3001,006,300
Prepaid expenses 695,500625,700
Total current assets $4,452,200 $3,468,000
Current liabilities:
Accounts and notes payable (short-term) $819,300 $680,000
Accrued liabilities 310,700340,000
Total current liabilities $1,130,000 $1,020,000
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.

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