Use the following table: Cash Short-term investments Receivables Inventory Prepaid expenses Total current assets Current liabilities Quick ratio Case X Case X $ 880 0 0 2,800 2,000 $5,680 $4,780 $3,000 $1,500 $ 4,850 Case Y Case Y $1,230 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.) 0 1,390 1,320 840 Case Z Case Z $ 1,580 660 1,120 5,440 1,220 $10,020 Best Case

Use the following table 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.)