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Current Position Analysis The following data were taken from the balance sheet of Albertini Company...

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Accounting

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Current Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years: Current Year Previous Year Current assets Cash Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current liabilities $450,300 521,400 213,300 1,668,500 859,500 $3,713,000 $331,200 372,600 124,200 1,220,600 780,400 $2,029,000 $458,200 331,000 $790,000 $483,000 207,000 5690,000 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 Albertini has Most of these changes are the result of an from the preceding year to the current year. The working capital current ratio, and quick ratio have all in current assets relative to current liabilities

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