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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

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 $630,400 $496,800
Marketable securities 730,000 558,900
Accounts and notes receivable (net) 298,600 186,300
Inventories 782,100 547,200
Prepaid expenses 402,900 349,800
Total current assets $2,844,000 $2,139,000
Current liabilities:
Accounts and notes payable
(short-term) $458,200 $483,000
Accrued liabilities 331,800 207,000
Total current liabilities $790,000 $690,000

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
1. Working capital $ $
2. Current ratio
3. Quick ratio

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