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Case X CaseY Case Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities $2,600 270 $1,400 600 700 3,250 900 300
Case X CaseY Case Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities $2,600 270 $1,400 600 700 3,250 900 300 2,275 400 550 2,100 700 $ 5,575 $ 3,620 $ 6,850 $2,300 $1,360 $ 3,750 Compute the current ratio and acid-test ratio for each of the following separate cases Current Ratio Choose Numerator: Choose Denominator: Current Ratio Current ratio Case X Case Y Case Z to 1 to 1 to 1 Acid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio Case X Case Y Case Z to 1 to 1 to 1
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