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Case z $ 1,400 500 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Case X $ 2,700 0 320 2,325 400 $
Case z $ 1,400 500 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Case X $ 2,700 0 320 2,325 400 $ 5,745 $ 2,340 Case Y $ 290 0 570 2,140 700 $ 3,700 $ 1,380 3,350 900 $ 6,950 $3,850 Current liabilities Compute the current ratio and acid-test ratio for each of the following separate cases. Current Ratio Choose Denominator: Choose Numerator: = Current Ratio Current ratio 1 to 1 Case X Case Y Case Z to 1 to 1 Acid-Test Ratio Choose Denominator: Choose Numerator: = Acid-Test Ratio Acid-test ratio to 1 Case X Case Y Case Z to 1 to 1
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