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Camaro GTO Torino Cash $ 2,150 $ 190 $ 1,200 Short-term investments 0 0 600 Current receivables 220 470 750 Inventory 2,075 1,940 2,850 Prepaid
Camaro | GTO | Torino | |
---|---|---|---|
Cash | $ 2,150 | $ 190 | $ 1,200 |
Short-term investments | 0 | 0 | 600 |
Current receivables | 220 | 470 | 750 |
Inventory | 2,075 | 1,940 | 2,850 |
Prepaid expenses | 300 | 600 | 900 |
Total current assets | $ 4,745 | $ 3,200 | $ 6,300 |
Current liabilities | $ 2,140 | $ 1,280 | $ 3,350 |
- Compute the acid-test ratio for each of the separate cases above.
- Which company is in the best position to meet short-term obligations?
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