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 Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets 1. Working capital 2. Current ratio $321,500 372,200 152,300 899,600 463,400 $2,209,000 3. Quick ratio b. The liquidity of Nilo has Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities 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 $272,600 197,400 $470,000 $246,000 276,800 92,200 675,300 431,700 $1,722,000 Most of these changes are the result of an $287,000 123,000 $410,000 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.