(Solved): Current position analysis The following data were taken from the balance sheet of Nilo Company at t ...

Current position analysis

The following data were taken from the balance sheet of Nilo Company at the end of two recent fiscal years: a. Determine for each year (1) the working capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. \begin{tabular}{lll} & Current Year & Previous Year \\ \hline 1. Working capital & \( \$ \) & \\ 2. Current ratio & \\ 3. Quick ratio & \end{tabular} b. The liquidity of Nilo has from the preceding year to the current year. The working capital, current ratio, and quick ratio have all current assets relative to current liabilities. Most of these changes are the result of an in