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Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Camaro GTO Torino $ 2,800 $ 310 $1,500 0 0 600 340
Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Camaro GTO Torino $ 2,800 $ 310 $1,500 0 0 600 340 590 450 2,375 2,180 3,450 400 700 900 $5,915 $3,780 $6,900 $2,380 $1,400 $3,950 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 Camaro GTO Torino 1 to 1 to 1 Il Acid-Test Ratio Choose Denominator: Choose Numerator: Acid-Test Ratio Acid-test ratio 1 Camaro 1 to 1 ATA L
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