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				$480,300			$386,400
Marketable securities				556,200			434,700
Accounts and notes receivable (net)				227,500			144,900
Inventories				730,000			420,900
Prepaid expenses				376,000			269,100
	Total current assets			$2,370,000			$1,656,000
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

b. The liquidity of Nilo has from the preceding year to the current year. The working capital, current ratio, and quick ratio have all . Most of these changes are the result of an in current assets relative to current liabilities.