Business, 14.08.2020 04:01 kayranicole1

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.

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