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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
  1. Compute the acid-test ratio for each of the separate cases above.
  2. Which company is in the best position to meet short-term obligations?
image text in transcribed Complete this question by entering your answers in the tabs below. Compute the acid-test ratio for each of the separate cases above

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