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Use the following table: 3 Case Y $ 1,350 5 points Cash Short-term investments Receivables Inventory Prepaid expenses Total current assets Current liabilities Case X
Use the following table: 3 Case Y $ 1,350 5 points Cash Short-term investments Receivables Inventory Prepaid expenses Total current assets Current liabilities Case X $ 910 0 0 3,100 2,300 $ 6,310 $ 3,300 1,540 1,440 930 $ 5,260 $ 1,650 Case z $ 1,760 720 1,240 5,980 1,340 $11,040 $ 5,300 Print Required: Calculate the quick ratio in each of the above cases and select the case which is in the best position to me most easily. (Round your answers to 2 decimal places.) Case X Case Y Case z Best Case Quick ratio
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