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Current 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 $512,600 $396,800 Marketable securities 593,600 446,400 Accounts and notes receivable (net) 242,800 149,800 Inventories 468,600 264,700 Prepaid expenses 241,400 169,300 Total current assets $2,059,000 $1,426,000 Current liabilities: Accounts and notes payable (short-term) $411,800 $434,000 Accrued liabilities 298,200 186,000 Total current abilities $710,000 $620,000 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 eBook Show Me How Print Item 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 $512,600 $396,800 Marketable securities 593,600 446,400 Accounts and notes receivable (net) 242,800 148,800 Inventories 468,600 264,700 Prepaid expenses 241,400 169,300 Total current assets $2,059,000 $1,426,000 Current liabilities: Accounts and notes payable (short-term) $411,800 $434,000 Accrued liabilities 298,200 186,000 Total current lioblities $710,000 $620,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3)he 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 abilities

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