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Camaro GTO Torino Cash Short-term investments Current receivables: Inventory $ 2,000 $110 $1,000 50 0 580 350 470 700 2,600 Prepaid expenses 200 2,420
Camaro GTO Torino Cash Short-term investments Current receivables: Inventory $ 2,000 $110 $1,000 50 0 580 350 470 700 2,600 Prepaid expenses 200 2,420 500 4,230 900 Total current assets $ 5,200 $ 3,500 $ 7,410 Current liabilities $ 2,000 $1,000 $ 3,800 ces 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: 7 Camaro GTO Torino Acid-Test Ratio Denominator: Acid-Test Ratio: Acid test ratio INNO to 1 to 1 1 to 1
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