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Camaro $ 2,550 0 290 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities GTO $ 260 0 540 2,080 700
Camaro $ 2,550 0 290 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities GTO $ 260 0 540 2,080 700 $ 3,580 2,250 Torino $ 1,300 700 650 3,200 900 $ 6,750 $ 3,700 400 $ 5,490 $ 2,280 $1,350 a. Compute the acid-test ratio for each of the separate cases above. b. Which company is in the best position to meet short-term obligations? Complete this question by entering your answers in the tabs below. Required A Required B Compute the acid-test ratio for each of the separate cases above. Acid-Test Ratio Denominator: Numerator: = Acid-Test Ratio / Acid-test ratio / Camaro GTO Torino 1 = to 1 to 1 to 1 / = Complete this question by entering your answers in the tabs below. Required A Required B Which company is in the best position to meet short-term obligations? Which company is in the best position to meet short-term obligations?
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