Current Position Analysis 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 $577,600 $448,800 Marketable securities 668,800 504,900 Accounts and notes receivable (net) 273,600 168,300 Inventories 601,900 442,900 Prepaid expenses 310,100 283,100 Total current assets $2,432,000 $1,848,000 Current liabilities: Accounts and notes payable (short-term) $440,800 $462,000 Accrued liabilities 319,200 198,000 Total current liabilities $760,000 $660,000 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 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 3. Quick ratio fill in the blank 5 fill in the blank 6 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.
Current Position Analysis
The following data were taken from the
Current Year Previous Year
Current assets:
Cash $577,600 $448,800
Marketable securities 668,800 504,900
Accounts and notes receivable (net) 273,600 168,300
Inventories 601,900 442,900
Prepaid expenses 310,100 283,100
Total current assets $2,432,000 $1,848,000
Current liabilities:
Accounts and notes payable
(short-term) $440,800 $462,000
Accrued liabilities 319,200 198,000
Total current liabilities $760,000 $660,000
a. Determine for each year (1) the
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
3. Quick ratio fill in the blank 5
fill in the blank 6
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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