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Cash Short-term investments Receivables Inventory Prepaid expenses Total current assets Current liabilities. Quick ratio Case X Case X $ 850 0 Case Y $1,100 0
Cash Short-term investments Receivables Inventory Prepaid expenses Total current assets Current liabilities. Quick ratio Case X Case X $ 850 0 Case Y $1,100 0 1,270 2,500 1,160 1,900 770 $5,250 $ 4,300 $ 2,700 $ 1,350 Required: Calculate the quick ratio in each of the above cases and select the case which is in the most easily. (Round your answers to 2 decimal places.) Case Y Case Z $ 1,460
580 1,030 4,880 1,090 $9,040 $4,280 Case Z Best Case
Required: Calculate the quick ratio in each of the above cases and select the case which most easily. (Round your answers to 2 decimal places.)Step by Step Solution
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