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Use the following table: Cash Current investments Receivables Inventory Prepaid expenses Total current assets Current liabilities Case X Case Y Case z $ 870 $1,190
Use the following table: Cash Current investments Receivables Inventory Prepaid expenses Total current assets Current liabilities Case X Case Y Case z $ 870 $1,190 $1,520 640 1,340 1,080 2,700 1,280 5,260 1,900 810 1,180 $5,470 $4,620 $9,680 $2,900 $1,450 $4,700 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 2 Best Case Quick ratio
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