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Use the following table: Help Sav Cash Short-term investments Receivables $800 $900 $1,160 Case X Case Y Case Z 0 0 0 480 1,020
Use the following table: Help Sav Cash Short-term investments Receivables $800 $900 $1,160 Case X Case Y Case Z 0 0 0 480 1,020 830 2,000 960 1,100 620 3,980 890 Total current assets) $4,200 $3,500 $7,340 $2,200 $1,100 $3,530 Inventory 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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