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 $585,200 $482,400 Marketable securities 677,600 542,700 Accounts and notes receivable (net) 277,200 180,900 Inventories 1,219,700 858,300 Prepaid expenses 628,300 548,700 Total current assets $3,388,000 $2,613,000 Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $446,600 $469,000 323,400 $770,000 201,000 $670,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Previous Year Current Year 1. Working capital $ $ 2. Current ratio 3. Quick ratio b. The liquidity of Nilo has Most of these changes are the result of an from the preceding year to the current year. The working capital, current ratio, and quick ratio have all in current assets relative to current liabilities.