ss The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal yearsCurrent Year Previous Year.Current assets:Marketable securitiesAccounts and notes receivable (net)InventoriesPrepaid expensesTotal current assets1 Working capital)2. Current ratio$541,900627,400256,700204,600105,400$1,736,000Current liabilities:Accounts and notes payable (short-term))$359,600$370,000Accrued liabilities200,400102,000Total current abilities$620,000$540,000a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio, Round ratios to one decimal place.Current YearPrevious Year3. Quick ratiob. The liquidity of Nilo haschanges are the result of an$432,000486,000162,00065,90042,100$1,188,000from the preceding year to the current year. The working capital, current ratio, and quick ratio have all gin current assets relative to current liabilitiesMost of these

The question is related to Ratio Analysis. All the required ratio are short term solvency ratios. 1…

CORA HOLCIO A e sheet of No 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 Total current assets Current liabilities: Accounts and notes payable (short-term) Accrued liabilities Total current Gabilities 1. Working capital 2. Current ratio $541,900 627,400 256,700 204,000 105,400 $1,736,000 3. Quick ratio b. The liquidity of Nilo has changes are the result of an i $432,000 486,000) $359,600 $370,000 200,400 102,000 1620,000 $540,000 a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio, Round ratios to one decimal place. Current Year Previous Year 162,000 65,900 42,100 $1,188,000 from the preceding year to the current year. The working capital, current ratio, and quick ratio have all in current assets relative to current liabilities Most of these