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Use the following table Cash Short-term investments Receivables Case X Case Y Case 2 930 $1,430 $ 1,880 O 760 0 1,640 1,320 Inventory 3,300
Use the following table Cash Short-term investments Receivables Case X Case Y Case 2 930 $1,430 $ 1,880 O 760 0 1,640 1,320 Inventory 3,300 1,520 6,340 2,500 990 1,420 Total current assets $6,730 $5,580 $11,720 $3,500 $1,750 $5,600 Prepaid expenses 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 short-term obligations most easily. (Round your answers to 2 decimal places.) Case X Case Y Case Z Best Case Quick ratio
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