Question: 10 Exercise 7-14 Quick ratio LO7 10 points Use the following table: Skies Cash Current investments ileceivables Inventory Prepaid expenses Total current assets Current liabilities

10 Exercise 7-14 Quick ratio LO7 10 points Use the following table: Skies Cash Current investments ileceivables Inventory Prepaid expenses Total current assets Current liabilities Case X Casey Case 2 $570 $1,190 $1,520 0 0 640 1,340 1,080 2,700 1,280 5,260 1.900 810 1,180 55,470 34,620 392600 $ 2,900 $1,450 $4,700 BOO Print ference Required: Calculate the quick ratlo 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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