The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Current Year Previous Year Current assets: Cash $620,500 $496,000 Marketable securities 718,500 558,000 Accounts and notes receivable (net) 294,000 186,000 Inventories 749,800 529,500 Prepaid expenses 386,200 338,500 Total current assets $2,769,000 $2,108,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $411,800 $434,000 298,200 $710,000 186,000 $620,000 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 Albertini 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