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 $437,800 $327,600 Marketable securities 506,900 368,600 Accounts and notes receivable (net) 207,300 122,800 Inventories 1,283,000 922,300 Prepaid expenses 661,000 589,700 Total current assets $3,096,000 $2,331,000 Current liabilities: Accounts and notes payable (short-term) $417,600 $441,000 Accrued liabilities 302,400 189,000 Total current liabilities $720,000 $630,000 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 Current assets: Cash $437,800 $327,600 Marketable securities 506,900 368,600 Accounts and notes receivable (net) 207,300 122,800 Inventories 1,283,000 922,300 Prepaid expenses 661,000 589,700 Total current assets $3,096,000 $2,331,000 Current liabilities: Accounts and notes payable (short-term) $417,600 $441,000 Accrued liabilities 302,400 189,000 Total current liabilities $720,000 $630,000 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 . Most of these from the preceding year to the current year. The working capital, current ratio, and quick ratio have all b. The liquidity of Nilo has in current assets relative to current liabilities. changes are the result of an