Current Position Analysis The following items are reported on a company's balance sheet: Cash $537,500 Marketable securities 419,900 Accounts receivable (net) 334,600 Inventory 387,600 Accounts payable 646,000 Determine (a) the current ratio and (b) the quick ratio. Round your answers to one decimal place. a.  Current ratio fill in the blank 1 b.  Quick ratio

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 $329,800     $259,200     Marketable securities 381,900     291,600     Accounts and notes receivable (net) 156,300     97,200     Inventories 900,200     560,000     Prepaid expenses 463,800     358,000       Total current assets $2,232,000     $1,566,000   Current liabilities:             Accounts and notes payable           (short-term) $359,600     $378,000     Accrued liabilities 260,400     162,000       Total current liabilities $620,000     $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 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.…

Current Position Analysis The following data were taken from the balance sheet of Albertini Company at the end of two recent fiscal years:   Current Year   Previous Year Current assets:             Cash $446,900     $372,400     Marketable securities 517,400     419,000     Accounts and notes receivable (net) 211,700     139,600     Inventories 1,071,800     807,000     Prepaid expenses 552,200     516,000       Total current assets $2,800,000     $2,254,000   Current liabilities:             Accounts and notes payable           (short-term) $324,800     $343,000     Accrued liabilities 235,200     147,000       Total current liabilities $560,000     $490,000     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…

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 $395,200 $324,000 Marketable securities 457,600 364,500 Accounts and notes receivable (net) 187,200 121,500 Inventories 617,800 411,800 Prepaid expenses 318,200 263,200 Total current assets $1,976,000 $1,485,000 Current liabilities: Accounts and notes payable (short-term) $301,600 $315,000 Accrued liabilities 218,400 135,000 Total current liabilities $520,000 $450,000 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 %24 2. Current ratio 3. Quick ratio