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 $465,100     $354,000     Marketable securities 538,600     398,300     Accounts and notes receivable (net) 220,300     132,700     Inventories 1,032,200     683,800     Prepaid expenses 531,800     437,200       Total current assets $2,788,000     $2,006,000   Current liabilities:             Accounts and notes payable           (short-term) $394,400     $413,000     Accrued liabilities 285,600     177,000       Total current liabilities $680,000     $590,000   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 improved  from the preceding year to the current year. The working capital, current ratio, and quick ratio have all increased . Most of these changes are the result of an increase  in current assets relative to current liabilities.

Lydex Company’s financial statements for the last two years are as follows: Lydex Company Comparative Balance Sheet   This Year Last Year Assets     Current assets:     Cash $ 1,020,000 $ 1,260,000 Marketable securities 0 300,000 Accounts receivable, net 2,940,000 2,040,000 Inventory 3,660,000 2,100,000 Prepaid expenses 270,000 210,000 Total current assets 7,890,000 5,910,000 Plant and equipment, net 9,640,000 9,110,000 Total assets $ 17,530,000 $ 15,020,000 Liabilities and Stockholders' Equity     Liabilities:     Current liabilities $ 4,070,000 $ 3,100,000 Note payable, 10% 3,700,000 3,100,000 Total liabilities 7,770,000 6,200,000 Stockholders' equity:     Common stock, $75 par value 7,500,000 7,500,000 Retained earnings 2,260,000 1,320,000 Total stockholders' equity 9,760,000 8,820,000 Total liabilities and stockholders' equity $ 17,530,000 $ 15,020,000 Lydex Company Comparative Income Statement and Reconciliation   This…

The balance sheet data of Randolph Company for two recent years appears below: Assets: Year 2 Year 1 Current assets $445     $280 Plant assets   680      520 Total assets $1,125      $800       Liabilities and stockholders' equity:     Current liabilities $285 $120 Long-term debt   255   160 Common stock   325   320 Retained earnings   260   200 Total liabilities and stockholders' equity $1,125 $800   Required: b.  Using vertical analysis, prepare a comparative balance sheet. If required, round your answers to one decimal place. Randolph Company Comparative Balance Sheet For the Years Ended December 31, Year 2 and Year 1 Assets Year 2Amount Year 2Percent Year 1Amount Year 1Percent Current assets $445 fill in the blank 2e1a1e0b0fbcf94_1% $280 fill in the blank 2e1a1e0b0fbcf94_2% Plant assets 680 fill in the blank 2e1a1e0b0fbcf94_3 520 fill in the blank 2e1a1e0b0fbcf94_4 Total assets $1,125 fill in the blank 2e1a1e0b0fbcf94_5% $800 fill in the…

A condensed balance sheet for Simultech Corporation and a partially completed vertical analysis are presented below. Complete the vertical analysis by computing each missing line item as a percentage of total assets. (Round your answers to the nearest whole percent.)       SIMULTECH CORPORATION Balance Sheet (summarized) January 31 (in millions of U.S. dollars) Cash $433 29 % Current Liabilities $409 27 % Accounts Receivable 294 19   Long-term Liabilities 495 33   Inventory 206 14   Total Liabilities 904     Other Current Assets 109     Common Stock 118     Property and Equipment 27 2   Retained Earnings 492 32   Other Assets 445 29   Total Stockholders’ Equity 610     Total Assets $1,514 100 % Total Liabilities & Stockholders’ Equity $1,514 100 %   2A. What percentage of Simultech’s total assets relate to inventory? (Round your answer to the nearest whole percent.) 2B. What percentage of Simultech’s total assets relate to property…