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Use the following table:Case XCase YCase ZCash$ 8 4 0 $ 1 , 0 6 0 Short - term investments 0 $ 1 , 4

Use the following table:Case XCase YCase ZCash$840$ 1,060Short-term investments0$ 1,400560Receivables1,220990Inventory2,4001,120Prepaid expenses1,8007404,7001,050Total current assets$ 5,040$ 4,140$ 8,700Current liabilities$ 2,600$ 1,300$ 4,130Required: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 XCase YCase ZBest CaseQuick ratio

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