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$655,500 $546,000 Marketable securities759,000 614,300 Accounts and notes receivable (net)310,500 204,700 Inventories1,039,500 674,100 Prepaid expenses535,500 430,900 Total current assets$3,300,000 $2,470,000 Current liabilities: Accounts and notes payable (short-term)$435,000 $455,000 Accrued liabilities315,000 195,000 Total current liabilities$750,000 $650,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.

1. Previous Year =  $1,820,000, Current Year = $2,550,000

2. Previous Year = 3.80 times , Current Year = 4.40 times

3. Previous Year = 2.70 times,  Current Year = 3.00 times

Explanation:

working capital = current assets - current liabilities

working capital (Previous Year) = $2,470,000 - $650,000

                                                    = $1,820,000

working capital (Previous Year) = $3,300,000 - $750,000

                                                    = $2,550,000

Current ratio = current assets ÷ current liabilities

working capital (Previous Year) = $2,470,000 ÷ $650,000

                                                    = 3.80 times

working capital (Previous Year) = $3,300,000 ÷ $750,000

                                                    = 4.40 times

Quick ratio = (current assets - inventory) ÷ current liabilities

working capital (Previous Year) = ($2,470,000 - 674,100) ÷ $650,000

                                                    = 2.70 times

working capital (Previous Year) = ($3,300,000 - 1,039,500) ÷ $750,000

                                                    = 3.00 times

answer: marginal utility of the fourth brownie is 0.

explanation: marginal utility is the addtional utility gained from the consumption of one more unit of a good. it is given by,

so, marginal utility at the 4th unit will be given by

since, the values are not given here, you can simply find marginal utility at fourth unit by subtracting total utility at 3rd unit from total utility at 4th unit.