Current position analysis the following data were taken from the balance sheet of Nilo company at the end of the two recent Fisher years; Current assets:Cash Marketable securitiesAccount and note...

Current position analysis the following data were taken from the balance sheet of Nilo company at the end of the two recent Fisher years; Current assets: Cash Marketable securities Account and note receivable (net) Inventories Prepaid expenses Total Current assets Current liabilities Account and notes payable ( short-term) Accrued liabilities Total Current liabilities Current year $417,000 cash 483,100 Marketable securities 197,700 acct not receivable ( net) 845,500 inventory 435,500 prepaid 2,379,000 Total Current assets Previous year $339,200 cash 381,600 Marketable securities 127,200 access note receivable ( net) 614,300 inventory 392,700 prepaid expenses 1,855,000 Total Current assets Current year Current liabilities Short term $353,800 Accrued liabilities 256,200 Total Current liabilities $610,000 Previous year Short term $371,000 Accrued liabilities 159,000 Total Current liabilities $530,000 A. Determine for each year 1 capital, 2 the current ratio, and 3 the quick ratio. Round ratio to one decimal place 1. Working capital 2. Current ratio 3. Quick ratio Current year. Previous years $ $ 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 liabilities.

Jun 09, 2022
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