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a. Compute the acid-test ratio for each of the following separate cases. b. Which company is in the best position to meet short-term obligations?

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a. Compute the acid-test ratio for each of the following separate cases. b. Which company is in the best position to meet short-term obligations? Camaro GTO Torino Cash $2,000 $ 110 $1,000 Short-term investments 50 0 580 Current receivables 350 470 700 Inventory..... 2,600 2,420 4,230 Prepaid expenses.. 200 500 900 Total current assets $5,200 $3,500 $7,410 Current liabilities...... $2,000 $1,000 $3,800

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