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 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 liabilities $310,100 359,000 146,900 570,200 293,800 $1,680,000 1. Working capital 2. Current ratio 3. Quick ratio $278,400 201,600 $480,000 $ $252,000 283,500 94,500 358,700 229,300 $1,218,000 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 $294,000 126,000 $420,000

Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable Common stock, $10 par value Retained earnings Total liabilities and equity Current Year $31,800 89,500 112,500 10,700 278,500 $523,000 $129,900 98,500 163,500 131,100 $523,000 1 Year Ago $35,625 62,500 82,500 9,375 255,000 $445,000 $75,250 101,500 2 Years Ago $37,800 50,200 54,000 5,000 230,500 $377,500 $51,250 83,500 163,500 163,500 104,750 79,250 $445,000 $377,500 Required: 1. Express the balance sheets in common-size percents. (Use cells A4 to D17 from the given information to complete this question.)

Based on the financial statements below, what is the current ratio and 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 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 liabilities a. Determine for each year (1) the working Current Year 1. Working capital 2. Current ratio 3. Quick ratio b. The liquidity of Nilo has current assets relative to current liabilities. $690,500 799,500 327,000 1,042,800 537,200. $3,397,000 $458,200 $579,600 652,100 217,300 673,400 430,600 $2,553,000 $483,000 331,800 207,000 $790,000 $690,000 capital, (2) the current ratio, and (3) the quick ratio. Round ratios to one decimal place. Previous Year 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

Formulating Financial Statements from Raw Data and Calculating Ratios Following is selected financial information from JM Smucker Co. for the year ended April 30, 2018 ($ millions). Current assets, end of year Cash, end of year $1,710.5 Long-term liabilities, end of year 211.9 Stockholders' equity, end of year (305.4) Cash from operating activities 4,973.1 Total assets, beginning of year 8,151.1 Revenue (1,006.1) Total expenses, other than cost of product sold Dividends paid 385.3 * Cash from financing activities includes the effects of foreign exchange rate fluctuations. Cash from investing activities Cost of products sold Total liabilities, end of year Cash from financing activities* Stockholders' equity, beginning of year 7,535.2 a. Prepare the income statement for the year ended April 30, 2018. Note: Do not use negative signs with any of your answers. JM Smucker Co Income Statement ($ millions) For the year ended April 30, 2018 Revenues $ Cost of product sold Gross profit Expenses…

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Current position analysis the following data were taken from the balance sheet of Nilo company at the end of the two recent Fisher years; Current assets: Cash Marketable securities Account and note receivable (net) Inventories Prepaid expenses Total Current assets Current liabilities Account and notes payable ( short-term) Accrued liabilities Total Current liabilities Current year $417,000 cash 483,100 Marketable securities 197,700 acct not receivable ( net) 845,500 inventory 435,500 prepaid 2,379,000 Total Current assets Previous year $339,200 cash 381,600 Marketable securities 127,200 access note receivable ( net) 614,300 inventory 392,700 prepaid expenses 1,855,000 Total Current assets Current year Current liabilities Short term $353,800 Accrued liabilities 256,200 Total Current liabilities $610,000 Previous year Short term $371,000 Accrued liabilities 159,000 Total Current liabilities $530,000 A. Determine for each year 1 capital, 2 the current ratio,…

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The following items are reported on a company's balance sheet: Cash $112,300 Marketable securities 131,400 Accounts receivable (net) 45,200 Inventory 170,000 Accounts payable 270,000. Determine the current ratio ?

Given the data in the following table, the current ratio in 2023 was… % (table is attached) 1) 2.89 2 ) 2.61 3) 1.97 4) 2.08 52.14