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 $418,800 $320,000 Marketable securities 484,900 360,000 Accounts and notes receivable (net) 198,300 120,000 Inventories 1,110,100 823,500 Prepaid expenses 571,900 526,500 Total current assets $2,784,000 $2,150,000 Current liabilities: Accounts and notes payable (short-term) $336,400 $350,000 Accrued liabilities 243,600 150,000 Total current liabilities $580,000 $500,000 a. Determine for