Va. (1) Current year working capital, $1,100,000 SHOW EXCEL ME HOW ONLINE EX 16-6 Current position analysis Obj. 3 The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Current assets: Cash Marketable securities Accounts and notes receivable (net) Inventories Current Year Previous Year $ 375,000 $ 300,000 500,000 354,000 625,000 426,000 410,000 222,000 190,000 $2,100,000 Accounts and notes payable (short-term) $ 725,000 Accrued liabilities $ 600,000 300,000 Total current liabilities Prepaid expenses Total current assets Current liabilities: 138,000 $1,440,000 275,000 $1,000,000 $ 900,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. b. What conclusions can be drawn from these data as to the company's ability to meet its currently maturing debts?