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The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: This information has been collected
The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the requirec analysis, and input your answers in the questions below. a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round the ratios to one decimal place and the working capital to the nearest dollar. b. The liquidity of Nilo has current ratio, and quick ratio have all from the preceding year to the current year. The working cap . Most of these changes are the result of a(n) in current assets relative to current liabilities
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