Question: Exercise 4-14 Computing and analyzing acid-test and current ratios LO A1 Case X $ 2,850 Case Y $ 320 350 2,400 Cash Short-term investments Current

Exercise 4-14 Computing and analyzing acid-test and current ratios LO A1 Case X $ 2,850 Case Y $ 320 350 2,400 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Case z $1,500 400 See 3,500 900 $ 6,800 600 2,200 700 $3,820 400 $ 6,000 $ 2,400 $1,410 $4,000 Compute the current ratio and acid-test ratio for each of the following separate cases. Current Ratio Choose Denominator: Choose Numerator: Current Ratio Current ratio to 1 Case X

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