Camaro GTO Torino Cash Short-term investments Current receivables Inventory $ 2,000 $ 110 $ 1,000 50 580 350 470 700 Prepaid expenses 2,600 200 2,420 4,230 500 900 Total current assets $ 5,200 $ 3,500 $ 7,410 Current liabilities $ 2,000 $ 1,000 $3,800 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. Numerator: Quick assets Camaro GTO Torino $ Acid-Test Ratio Denominator: Current liabilities Acid-Test Ratio Acid-test ratio 2,400 $ 1 $ / $ 2,000 1,000 = 3,800 = = 1.20 to 1 to 1 0.26 to 1 Required A Required B >