Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Camaro $2,700 328...

 

Transcribed Image Text:

Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Camaro $2,700 328 2,325 408 GTO $290 B 570 2,140 700 $3,700 Torino $ 1,400 828 3,350 988 $ 6,950 $ 5,745 $ 2,348 $ 1,380 $ 3,850 a. Compute the acid-test ratio for each of the separate cases above. b. Which company is in the best position to meet short-term obligations? Complete this question by entering your answers in the tabs below. Required A Required B Compute the acid-test ratio for each of the separate cases above. Choose Numerator: Camaro GTO Torino Acid-Test Ratio Choose Denominator: Acid-Test Ratio Acid-testratio to 1 to 1 to 1 Required & Required 8 > Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Camaro $2,700 328 2,325 408 GTO $290 B 570 2,140 700 $3,700 Torino $ 1,400 828 3,350 988 $ 6,950 $ 5,745 $ 2,348 $ 1,380 $ 3,850 a. Compute the acid-test ratio for each of the separate cases above. b. Which company is in the best position to meet short-term obligations? Complete this question by entering your answers in the tabs below. Required A Required B Compute the acid-test ratio for each of the separate cases above. Choose Numerator: Camaro GTO Torino Acid-Test Ratio Choose Denominator: Acid-Test Ratio Acid-testratio to 1 to 1 to 1 Required & Required 8 >