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Use the following table. Cash Short-term investments Receivables Inventory Prepaid expenses Total current assets Current liabilities Case X $ 810 0 2,100 1,500 $ 4,410
Use the following table. Cash Short-term investments Receivables Inventory Prepaid expenses Total current assets Current liabilities Case X $ 810 0 2,100 1,500 $ 4,410 $ 2,300 Case Y Case z $ 949 $1,220 8 500 1,070 870 1,000 4,160 65a 930 $ 3,660 $ 7,680 $ 1,150 $ 3,680 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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