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Current position analysis The following data were taken from the balance sheet of Nilo Cornpany...

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Accounting

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Current position analysis The following data were taken from the balance sheet of Nilo Cornpany at the end of two recent fiscal years: This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio, Round the ratios to one decimal place and the working capital to the nearest dollar. b. The liquidity of Nilo has improved from the preceding year to the current year. The working capital, current ratio, and quick ratio have all increased . Most of these changes are the result of a(n) increase in current assets relative to current llabilities

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