Question: Exercise 4-14 Computing and analyzing acid-test and current ratios LO A1 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities

Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities

Exercise 4-14 Computing and analyzing acid-test and current ratios LO A1 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities Camaro $ 2,450 GTO Torino $ 240 $1,300 0 0 400 270 520 550 2,200 2,040 3,100 300 $5,220 700 $3,500 900 $6,250 $ 2,240 $1,330 $3,600 Compute the current ratio and acid-test ratio for each of the following separate cases. Camaro Choose Numerator: GTO Torino Choose Numerator: Camaro GTO Torino 1 Current Ratio Choose Denominator: Acid-Test Ratio Choose Denominator: a Current Ratio Current ratio to 1 to 1 to 1 Acid-Test Ratio Acid-test ratio to 1 to 1 to 1

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