Camaro GTO Torino Cash Short-term investments Current receivables Inventory Prepaid expenses $ 2,850 $ 320 $ 1,500 0 400 350 2,400 400 Total current assets $ 6,000 600 2,200 700 $ 3,820 500 3,500 900 $ 6,800 Current liabilities $ 2,400 $ 1,410 $ 4,000 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: Acid-Test Ratio Denominator: = Acid-Test Ratio = Acid-test ratio Camaro GTO = to 1. = to 1 Torino Accounts receivable to 1 Cash Required A Required B > Cost of goods sold Current assets < Prev 9 of 11 Next >