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Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Camaro GTO $ 2,800 $ 310 0 0 340 590 2,375 2,180 400 700

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Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Camaro GTO $ 2,800 $ 310 0 0 340 590 2,375 2,180 400 700 $5,915 $3,780 $2,380 $1,400 Torino $1,500 600 450 3,450 900 $6,900 $3,950 Current liabilities Compute the current ratio and acid-test ratio for each of the following separate cases. Current Ratio Current Ratio Choose Denominator: Choose Numerator: Current ratio / to 1 / to 1 I Camaro GTO / to 1 Torino Acid-Test Ratio Choose Denominator: Acid-Test Ratio Acid-test ratio Choose Numerator: Il / to 1 II 11 to 1 Camaro / to 1 11 GTO / Torino

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