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urrent position analysis The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current Year

urrent position analysis 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 $574,300 $487,500 Marketable securities 756,400 575,300 Accounts and notes receivable (net) 931,300 692,200 Inventories 2,087,600 1,522,200 Prepaid expenses 1,032,400 946,500 Total current assets $5,382,000 $4,223,700 Current liabilities: Accounts and notes payable (short-term) $942,500 $780,000 Accrued liabilities 357,500 390,000 Total current liabilities $1,300,000 $1,170,000 This information has been collected

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