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 Marketabl securities Accounts and notes receivable (net) Inventories Prepaid expenses $503,900 583,400 238,700 720,700 $408,000 459,000 153,000 497,800 318,200 $1,836,000 371.300318200 Total current assets $2,418,000 Current liabilities: ACCounts and notes payable $452,400 327,600 $780,000 $476,000 204,000 $680,000 (short-term) Accrued liabilities Total current liabilities 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 Nio has Most of these changes are the result of an from the preceding year tg the current yea: The working capital, current rato, and quick ratio have a Z n curent assets eative to curent labites Next> Previous Check My Work 3 more Check My Work uses remaining