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Torino Cash Short-term investments Current receivables $ 2,750 $300 $1,400 0 700 330 Inventory 2,350 Prepaid expenses 400 Total current assets $ 5,830 580
Torino Cash Short-term investments Current receivables $ 2,750 $300 $1,400 0 700 330 Inventory 2,350 Prepaid expenses 400 Total current assets $ 5,830 580 2,160 700 $ 3,740 400 3,400 900 $ 6,800 Current liabilities $ 2,360 $ 1,390 $ 3,900 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. Camaro GTO Torino Numerator: Acid-Test Ratio Denominator: Acid-Test Ratio = Acid-test ratio = 0 to 1 0 to 1 0 to 1 Required A Required B >
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