Question: Case X Case Y Case Z Cash $2,000 $ 110 $1,000 ed Short-term investments Current receivables Inventory Prepaid expenses 50 0 580 350 470

Case X Case Y Case Z Cash $2,000 $ 110 $1,000 ed

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

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