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 onswers to 2 decimal places.) Cameron Co. established a $180 petty cash fund on January 1,2023 . One week later, on January 8 , the fund contained $34.95 in cash ind receipts for these expenditures; postage, $50.40; transportation in, $32.40, store supplies, $39.35; and a withdrawal of $22.90 by fim Cameron, the ownet. Cameron uses the perpetual method to account for merchandise irventory. . Prepare the joumal entry to establish the fund on January 1. Journal entry worksheet Record the entry to establish the fund. Note: Enter debits before credits. b. Prepare a summary of the petty cash payments and record the entry to relmburse the fund on January 8 . (Round your answers to 2 decimal places.) Journal entry worksheet Record the entry to reimburse the fund. Note: Enter debits before credits