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Inventory Cash Short-term investments Current receivables Camaro $2,150 150 1,900 400 1,800 GTO $120 Torino $ 1,000 e 400 400 2,500 Prepaid expenses 200
Inventory Cash Short-term investments Current receivables Camaro $2,150 150 1,900 400 1,800 GTO $120 Torino $ 1,000 e 400 400 2,500 Prepaid expenses 200 500 900 Total current assets $ 4,400 $ 2,820 $5,200 Current liabilities $ 2,000 $1,210 $3,000 Required: a. Compute the acid-test ratio for each of the separate cases above b. Which company is in the best position to meet short-term obligations? Complete this question by entering your answers in the tabs below. Required A Required B Compute the acid-test ratio for each of the separate cases above. Choose Numerator Acid-Test Ratio Choose Denominator: Acid-Test Ratio ' Acid-test ratio Camaro " to 1 GTO Torino to 1 to 1 Required B>
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