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Use the following table: Cash Short-term investments Receivables Inventory Prepaid expenses Total current assets Current liabilities Case X Case Y Case z $ 830 $
Use the following table: Cash Short-term investments Receivables Inventory Prepaid expenses Total current assets Current liabilities Case X Case Y Case z $ 830 $ 1,020 $ 1,340 0 540 0 1,170 950 2,300 1,080 4,520 1,700 1,010 $ 4,830 $ 3,980 $ 8, 360 $ 2,500 $1,250 $3,980 710 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 ob most easily. (Round your answers to 2 decimal places.) Case X Case Y Case z Best Case Quick ratio
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