Business, 07.05.2021 19:40 avery8626

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 $518,300 $410,400 Marketable securities 600,200 461,700 Accounts and notes receivable (net) 245,500 153,900 Inventories 1,104,800 757,600 Prepaid expenses 569,200 484,400 Total current assets $3,038,000 $2,268,000 Current liabilities: Accounts and notes payable (short-term) $359,600 $378,000 Accrued liabilities 260,400 162,000 Total current liabilities $620,000 $540,000 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 $fill in the blank 1 $fill in the blank 2 2. Current ratio fill in the blank 3 fill in the blank 4 3. Quick ratio fill in the blank 5 fill in the blank 6 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.

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The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal...

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