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> Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Camaro GTO Torino $2,600 $ 270 $1,400 0 0 600 300

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> Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Camaro GTO Torino $2,600 $ 270 $1,400 0 0 600 300 550 700 2,275 2,100 3,250 400 700 900 $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 Denominator: Choose Numerator: Current Ratio Current ratio Camaro to 1 II GTO to 1 Il Torino 1 to 1 Acid-Test Ratio Choose Denominator: Choose Numerator: - Acid-Test Ratio Acid-test ratio 11 11 1 to 1 Camaro to 1 GTO = to 1 Torino

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