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Camaro $ 2,550 GTO $268 Torino $ 1,300 zee 549 658 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets 299 2,252 499
Camaro $ 2,550 GTO $268 Torino $ 1,300 zee 549 658 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets 299 2,252 499 2,080 ee B, 2ee gee $5,490 $ 3,580 $ 6,759 current liabilities $ 2,280 $ 1,35e $ 3, yee 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 Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio = to 1 Camaro to 1 GTO to 1 Torino Required B > Camaro $ 2,550 GTO $ 269 Torino $ 1,300 709 9 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets 290 2,250 400 540 2,080 3,200 999 $ 5,490 $ 3,580 $ 6,750 Current liabilities $ 2,280 $ 1,350 $ 3,700 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 obligatlons? 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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