Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Camaro GTO Torino $2,350 $ 220 $1,200 700 250 500 450 2,150 2,000 3,000 300 600 900 $5,050 $3,320 $6,250 $2,200 $1,310 $3,500 Compute the current ratio and acid-test ratio for each of the following separate cases. Camaro GTO Torino Choose Numerator: Current assets $ 5,050 / $ 3,320 / $ 6,2501 Current Ratio Current ratio 2.30 to 1 2.53 to 1 1.79 to 1 II = Current Ratio Choose Denominator: Current liabilities $ 2,200 $ 1,310 $ 3,500 Acid-Test Ratio Choose Denominator: Current liabilities $ 2,200 $ 1,310 $ 3,500 Choose Numerator: (Quick assets = Acid-Test Ratio Acid-test ratio to 1 11 Camaro GTO Torino / 1 / / Il to 1 11 to 1