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 $432,800 $348,000 Marketable securities 501,200 391,500 Accounts and notes receivable (net) 205,000 130,500 Inventories 751,700 495,300 Prepaid expenses 387,300 316,700 Total current assets $2,278,000 $1,682,000 Current liabilities: Accounts and notes payable (short-term) $388,600 $406,000 Accrued liabilities 281,400 174,000 Total current liabilities $670,000 $580,000 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 Nilo 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.