Question: Case X Case Y Case 2 Total current assets. Cash Short-term investments Receivables Inventory Prepaid expenses Current liabilities- $ 910 $1,350 $1,760 720 e

Case X Case Y Case 2 Total current assets. Cash Short-term investments Receivables Inventory Prepaid expenses Current liabilities- $ 910 $1,350 $1,760 720 e 3,100 1,540 1,240 1,440 5,980 2,300 936 1,340 $6,310 $5,260 $11, 040 $1,300 $1,650 $5,200 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 2 Best Case Quick ratio

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