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Case X Case Y Case Z Cash $ 2,450 $ 240 $ 1,300 Short-term investments 0 0 400 Current receivables 270 520 550 Inventory 2,200
Case X | Case Y | Case Z | |||||||
Cash | $ | 2,450 | $ | 240 | $ | 1,300 | |||
Short-term investments | 0 | 0 | 400 | ||||||
Current receivables | 270 | 520 | 550 | ||||||
Inventory | 2,200 | 2,040 | 3,100 | ||||||
Prepaid expenses | 300 | 700 | 900 | ||||||
Total current assets | $ | 5,220 | $ | 3,500 | $ | 6,250 | |||
Current liabilities | $ | 2,240 | $ | 1,330 | $ | 3,600 | |||
Compute the current ratio and acid-test ratio for each of the following separate cases.
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