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W Camaro GTO Torino Cash $2,000 $ 110 $1,000 Short-term investments 50 0 580 Current receivables 350 470 700 Inventory 2, 600 2, 420 4,230
W Camaro GTO Torino Cash $2,000 $ 110 $1,000 Short-term investments 50 0 580 Current receivables 350 470 700 Inventory 2, 600 2, 420 4,230 Prepaid expenses 200 500 900 Total current assets $5, 200 $3,500 $7, 410 Current liabilities $2,000 $1,000 $3 , 800 Compute the current ratio and acid-test ratio for each of the following separate cases. Current Ratio Choose Numerator: Choose Denominator: Current Ratio Current ratio Camaro to 1 GTO to 1 Torino to 1 Acid-Test Ratio + Choose Numerator: Choose Denominator: = Acid-Test Ratio Acid-test ratio Camaro to 1 GTO to 1 Tarinn in 1
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