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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 $ $
Marketable securities
Accounts and notes receivable net
Inventories
Prepaid expenses
Total current assets $ $
Current liabilities:
Accounts and notes payable shortterm $ $
Accrued liabilities
Total current liabilities $ $
Determine for each year the working capital, the current ratio, and the quick ratio. Round the ratios to one decimal place and the working capital to the nearest dollar.
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