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The following data were taken from the balance sheet of Nido Company at the end of two recent fiscal years Current Year Previous Year Current

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The following data were taken from the balance sheet of Nido Company at the end of two recent fiscal years Current Year Previous Year Current assets Cash $585,000 $487,200 Marketable securities 678,000 548,100 Accounts and notes receivable (neti 277400 162,700 Inventories 486,400 318.400 Prepaid cogenes 250,600 203.600 Total current as $2,270,000 11.740.000 Current abilities: Accounts and notes payable (short-term) $388,600 3-406.000 Accrued abilities 281,400 174,000 Total current liabilities 5670,000 5580,000 a. Determine for each year (1) the working capital (2) the current ratio, and (3) the ouick ratio Round ratios to one decimal place Current Year Previous Year 3. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Notas changes are the result of an Most of these from the preceding voor to the current year. The working capital current ratio and quick ratio have a in current assets relative to current les

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