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Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Camaro GTO Torino $2,400 $ 230 $1,300 0 0 600 260 510 500 2,175
Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Camaro GTO Torino $2,400 $ 230 $1,300 0 0 600 260 510 500 2,175 2,020 3,050 300 600 900 $5,135 $3,360 $6,350 $2,220 $1,320 $3,550 Current liabilities 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 Camaro 1 to 1 GTO to 1 / / Torino to 1 Acid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio Camaro = to 1 / / GTO to 1 Torino to 1
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