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Camaro GTO Torino Cash $ 1,900 $ 140 $ 1,000 Short-term investments 0 0 700 Current receivables 170 420 500 Inventory 1,950 1,840 2,600 Prepaid
| Camaro | GTO | Torino | |||||||
| Cash | $ | 1,900 | $ | 140 | $ | 1,000 | |||
| Short-term investments | 0 | 0 | 700 | ||||||
| Current receivables | 170 | 420 | 500 | ||||||
| Inventory | 1,950 | 1,840 | 2,600 | ||||||
| Prepaid expenses | 200 | 500 | 900 | ||||||
| Total current assets | $ | 4,220 | $ | 2,900 | $ | 5,700 | |||
| Current liabilities | $ | 2,040 | $ | 1,230 | $ | 3,100 | |||
Compute the current ratio and acid-test ratio for each of the following separate cases.
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Intermediate Accounting Volume 2
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
8th Edition
1260881245, 9781260881240
