Exercise 5-14 Computing and analyzing acid-test and current ratios LO A1 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Case X Case Y Case z $2,000 $ 110 $1,000 50 580 350 470 700 2,600 2,420 4,230 200 500 900 $5,200 $3,500 $ 7,410 $2,000 $1,000 $3,800 Compute the current ratio and acid-test ratio for each of the following separate cases Current Ratio Choose Denominator: Choose Numerator: 1 Case X Case Y Case z Current Ratio Current ratio to 1 to 1 7 to 1 Acid-Test Ratio Choose Denominator: Choose Numerator: Acid-Test Ratio Acid-test ratio to 1 Case X Case Y to 1 Case z to 1