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The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Line Item Description Current Year
The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years:
Line Item Description 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 $ $
This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below.
Open spreadsheet
a 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.
Line Item Description Current Year Previous Year
Working capital $fill in the blank
$fill in the blank
Current ratio fill in the blank
fill in the blank
Quick ratio fill in the blank
fill in the blank
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