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Torino Camaro GTO $ 250 $1,300 Cash $2,500 Short-term investments 0 0 500 Current receivables 280 530 600 3,150 900 2,225 2,060 Inventory Prepaid expenses

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Torino Camaro GTO $ 250 $1,300 Cash $2,500 Short-term investments 0 0 500 Current receivables 280 530 600 3,150 900 2,225 2,060 Inventory Prepaid expenses 400 700 $5,405 $3,540 $6,450 Total current assets $2,260 $1,340 $3,650 Current liabilities Compute the current ratio and acid-test ratio for each of the following separate cases. Current Ratio Choose Numerator: Choose Denominator: Current Ratio Current ratio Camaro to 1 GTO to 1 Torino to 1 Acid-Test Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio = Camaro to 1 to 1 GTO / to 1 Torino

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