Exercise 4-14 Computing and analyzing acid-test and current ratios LO A1 Compute the current ratio and acid-test ratio for each of the following separate cases. Camaro $ 2,850 $ GTO 320 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Torino $1,500 400 509 3,500 600 2,200 350 2,400 400 $ 6,009 Current liabilities $ 2,400 Choose Numerator: Current Ratio Choose Denominator: Current Ratio Current ratio Camaro GTO Torino Choose Numerator: Acid-Test Ratio Choose Denominator: Acid-Test Ratio Acid-test ratio Camaro GTO Torino