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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 2 $ 820 $

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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 2 $ 820 $ 980 $1,280 0 0 520 1,120 910 2,200 1,040 4,340 1,600 680 970 $6,620 $3,820 $3,020 $ 2,400 $1,200 $3,830 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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