Mahima wants to invest in the one of the three companies given below. She is very particular about the current financial position of the company. She believes that no company should be considered for investment unless it has a good current financial position. You are asked to examine the following data and choose a company for her. Current financial analysis of X, Y and Z Companies X Y RATIO Current ratio Acid test ratio Composition of current assets %: Cash 1998 1999 2.1 2.5 1.27 1.42 13 13 Receivables 38 36 Inventory 45 47 Other current assets 4 4 Net sales to inventory 3.90 3.77 Net sales to working capital 3.29 2.97 1998 1999 1998 1999 2.71 2.53 2.0 2.26 1.38 1.50 1.90 1.76 34 24 33 9 29 34 26 33 35 31 10 2 4.45 4.23 3.10 2.81 Z 5.65 2.87 34 32 31 3 5.25 2.85