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Use the following table. Case X $ 960 Casey $1,550 Cash Short-term investments Receivables Inventory Drepaid expenses Total current assets Current liabilities 1,790 3,600 1,640
Use the following table. Case X $ 960 Casey $1,550 Cash Short-term investments Receivables Inventory Drepaid expenses Total current assets Current liabilities 1,790 3,600 1,640 2,800 1.050 57,360 56,060 $ 3,800 $1,900 Case z $ 2.060 820 1,440 6,880 1,540 $12,740 $ 6,50 Required: Calculate the quick ratio in each of the above cases and select the case which is in the best position to meet short-term obligations most easily (Round your answers to 2 decimal places.) Case X Case Y Case z Best Case Dick ratio
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