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Use the following table: Case X Case Y Case Z Cash $ 9 0 0 $ 1 , 3 1 0 $ 1 , 7
Use the following table:
Case X Case Y Case Z
Cash $ $ $
Shortterm investments
Receivables
Inventory
Prepaid expenses
Total current assets $ $ $
Current liabilities $ $ $
Required:
Calculate the quick ratio in each of the above cases and select the case which is in the best position to meet shortterm obligations most easily. Round your answers to decimal places. quick ratio case x case y caseb z best case
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