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Camaro GTO Cash Short-term investments Current receivables $ 2,150 $ 120 Torino $ 1,000 0 400 Inventory Prepaid expenses 150 1,900 200 400 1,800
Camaro GTO Cash Short-term investments Current receivables $ 2,150 $ 120 Torino $ 1,000 0 400 Inventory Prepaid expenses 150 1,900 200 400 1,800 500 400 2,500 900 Total current assets $ 4,400 $ 2,820 $ 5,200 Current liabilities $ 2,000 $ 1,210 $ 3,000 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. Camaro GTO Torino Numerator: 1 1 1 Acid-Test Ratio Denominator: = Acid-Test Ratio = Acid-test ratio = to 1 = to 1 to 1 < Required A Required B >
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