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Business, 24.02.2020 16:58 janakibubbles7711

Current Year Previous Year Current assets: Cash $410,900 $325,000 Marketable securities 541,100 383,500 Accounts and notes receivable (net) 666,200 461,500 Inventories 1,193,300 788,800 Prepaid expenses 590,200 490,400 Total current assets $3,401,700 $2,449,200 Current liabilities: Accounts and notes payable (short-term) $630,800 $520,000 Accrued liabilities 239,200 260,000 Total current liabilities $870,000 $780,000 This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round the ratios to one decimal place and the working capital to the nearest dollar.

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