The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal year Current Year Previous Year Current assets: Cash $601,900 $478,800 Marketable securities 697,000 538,700 Accounts and notes receivable (net) 285,100 179,500 Inventories 475,200 269,000 Prepaid expenses 244,800 172,000 Total current assets $2,304,000 $1,638,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $417,600 $441,000 302,400 189,000 $720,000 $630,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round rat 1. Working capital 2. Current ratio Current Year 1,584,000 3.2 Previous Year 1,008,000 2.6 3. Quick ratio