Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Camaro GTO Torino $2,550 $ 260 $1,300 0 0 700 290 540 650 2,250 2,080 3,200 400 700 900 $5,490 $3,580 $6,750 $2,280 $1,350 $3,700 Compute the current ratio and acid-test ratio for each of the following separate cases. Current Ratio Choose Denominator: Choose Numerator: Il = Camaro GTO Torino 1 1 1 1 Current Ratio Current ratio to 1 to 1 to 1 = Acid-Test Ratio Choose Denominator: Choose Numerator: = 1 1 Acid-Test Ratio Acid-test ratio to 1 to 1 Camaro GTO Torino 1 1 to 1