Exercise 4-14 Computing and analyzing acid-test and current ratios LO A1 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Camaro GTO Torino $2,750 $ 300 $1,400 0 0 700 330 580 400 2,350 2,160 3,400 400 700 900 $5,830 $3,740 $6,800 $2,350 $1,390 $3,900 Compute the current ratio and acid-test ratio for each of the following separate cases, Choose Numerator: Current Ratio Choose Denominator: III Camaro GTO Torino Current Ratio Current ratio to 1 to 1 to 1 es 1 = Choose Numerator: Acid-Test Ratio Choose Denominator: = ! Camaro GTO Torino 1 1 Acid-Test Ratio Acid-test ratio to 1 to 1 to 1