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Case X Case Y Case Z Cash $ 1,800 $ 120 $ 1,000 Short-term investments 0 0 400 Current receivables 150 400 400 Inventory 1,900
Case X | Case Y | Case Z | |||||||
Cash | $ | 1,800 | $ | 120 | $ | 1,000 | |||
Short-term investments | 0 | 0 | 400 | ||||||
Current receivables | 150 | 400 | 400 | ||||||
Inventory | 1,900 | 1,800 | 2,500 | ||||||
Prepaid expenses | 200 | 500 | 900 | ||||||
Total current assets | $ | 4,050 | $ | 2,820 | $ | 5,200 | |||
Current liabilities | $ | 2,000 | $ | 1,210 | $ | 3,000 | |||
Compute the current ratio and acid-test ratio for each of the following separate cases.
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