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Cash $ 2,000 $ 160 $ 1,100 Short-term investments 0 0 400 Current receivables 190 440 600 Inventory 2,000 1,880 2,700 Prepaid expenses 200 500
| Cash | $ 2,000 | $ 160 | $ 1,100 |
|---|---|---|---|
| Short-term investments | 0 | 0 | 400 |
| Current receivables | 190 | 440 | 600 |
| Inventory | 2,000 | 1,880 | 2,700 |
| Prepaid expenses | 200 | 500 | 900 |
| Total current assets | $ 4,390 | $ 2,980 | $ 5,700 |
| Current liabilities | $ 2,080 | $ 1,250 | $ 3,200 |
- Compute the acid-test ratio for each of the separate cases above.
- Which company is in the best position to meet short-term obligations?
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Financial Literacy And Money Script A Caribbean Perspective
Authors: Christine Sahadeo
1st Edition
3319770748, 978-3319770741
