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The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: begin{tabular}{l|rr} hline & Current Year
The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: \begin{tabular}{l|rr} \hline & Current Year & Previous Year \\ \hline Current assets: & & \\ Cash & $555,900 & $455,600 \\ Marketable securities & 643,700 & 512,600 \\ Accounts and notes receivable (net) & 263,400 & 170,800 \\ Inventories & 1,219,700 & 858,300 \\ Prepaid expenses & 628,300 & 548,700 \\ \hline Total current assets & $3,311,000 & $2,546,000 \\ \hline Current liabilities: & & \\ Accounts and notes payable (short-term) & $446,600 & $469,000 \\ Accrued liabilities & 323,400 & 201,000 \\ \hline Total current liabilities. & $770,000 & $670,000 \\ \hline \end{tabular} a. Determine for each year (1) the woponig capital, (2) the current ratio, and (3) the puick ratio. Round ratios to one decimal place. Current Year Previous Year 1. Working capital 2. Current rotio 3. Quick ratio
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