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

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Accounting

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image The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: Unknown environment 'tabular' 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 Unknown environment 'tabular' 1. Working capital 2. Current ratio 3. Quick ratio 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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