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urrent position analysis
The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years:
| Line Item Description | Current Year | Previous Year |
| Current assets: | | |
| Cash | $450,300 | $331,200 |
| Marketable securities | 521,400 | 372,600 |
| Accounts and notes receivable (net) | 213,300 | 124,200 |
| Inventories | 1,668,500 | 1,220,600 |
| Prepaid expenses | 859,500 | 780,400 |
| Total current assets | $3,713,000 | $2,829,000 |
| Current liabilities: | | |
| Accounts and notes payable (short-term) | $458,200 | $483,000 |
| Accrued liabilities | 331,800 | 207,000 |
| Total current liabilities | $790,000 | $690,000 |
a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place.
| Line Item Description | 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 |
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