Question: answer required as soon as possible Use the following table: Cash Short-term investments Receivables Inventory Prepaid expenses Total current assets Current liabilities Case X Case

answer required as soon as possible Use the following table: Cash

answer required as soon as possible

Use the following table: Cash Short-term investments Receivables Inventory Prepaid expenses Total current assets Current liabilities Case X Case Y Case z $ 970 $ 1,590 $ 2,120 0 0 840 0 1,840 1,480 3,700 1,680 7,060 2,900 1,110 1,580 $7,570 $6,220 $13,080 $ 3,900 $1,950 $ 6,200 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 answers to 2 decimal places.) Case X Case Y Case z Best Case Quick ratio W

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