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** 1 Question, due in 1 hour. Case X Case Y Case Z Cash $ 2,150 $ 190 $ 1,200 Short-term investments 0 0 600
** 1 Question, due in 1 hour.
Case X | Case Y | Case Z | |||||||
Cash | $ | 2,150 | $ | 190 | $ | 1,200 | |||
Short-term investments | 0 | 0 | 600 | ||||||
Current receivables | 220 | 470 | 750 | ||||||
Inventory | 2,075 | 1,940 | 2,850 | ||||||
Prepaid expenses | 300 | 600 | 900 | ||||||
Total current assets | $ | 4,745 | $ | 3,200 | $ | 6,300 | |||
Current liabilities | $ | 2,140 | $ | 1,280 | $ | 3,350 | |||
Compute the current ratio and acid-test ratio for each of the above separate cases.(Round your answers to 2 decimal places.) |
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