Mildiysis 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 $465,100 $354,000 Marketable...

Extracted text: Mildiysis 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 $465,100 $354,000 Marketable securities 538,600 398,300 Accounts and notes receivable (net) 220,300 132,700 Inventories 987,400 755,800 Prepaid expenses 508,600 483,200 Total current assets $2,720,000 $2,124,000 Current liabilities: Accounts and notes payable (short-term) $394,400 $413,000 Accrued liabilities 285,600 177,000 Total current liabilities $680,000 $590,000 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