GTO $ 110 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Camaro $ 2,000 50 350 2,600 200 $ 5,200 $ 2,000 470 2,420 500 $ 3,500 $ 1,000 Torino $ 1,000 580 700 4,230 900 $ 7,410 $ 3,800 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. Numerator: Quick assets $ Acid-Tost Ratio Denominator: Current liabilities $ Acid-Test Ratio Acid-test ratio Camaro 2,400 = 1 / 1.20 to 1 GTO $ 2,000 1,000 3.800 to 1 Torino / $ = 0.26 to 1 Required A Required B >