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The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: a. Determine for each year

image text in transcribed The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. b. The liquidity of Nilo has and quick ratio have all relative to current liabilities. from the preceding year to the current year. The working capital, current ratio, . Most of these changes are the result of an in current assets

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