ON 1 The following data were taken from the balance sheet of Nilo Company...
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Accounting
ON 1
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 Marketable securities Accounts and notes receivable (net) Inventories Prepaid expenses $472,000 546,500 223,500 500,900 258,100 $2,001,000 $384,000 432,000 144,000 256,200 163,800 $1,380,000 Total current assets Current liabilities Accounts and notes payable $400,200 289,800 $690,000 $420,000 180,000 $600,000 (short-term) Accrued liabilities Total current liabilities 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 3. Quick ratio
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ON 1
