Exercise 4-15 Computing and analyzing acid-test and current ratios LO A1 Cash Short-term investments Current receivables Inventory Prepaid expenses Case X Case Y Case Z $ 2,000 $ 110 $1,000 580 700 2,600 2,420 4,230 900 50 350 470 200 500 Total current assets $ 5,200 $ 3,500 $7,410 Current liabilities $ 2,000 $ 1,000 $ 3,800 Compute the current ratio and acid-test ratio for each of the above separate cases Current Ratio Choose Numerator: Choose Denominator: Current Ratio Current ratio Case X Case Y Case Z to 1 to 1 to 1 Acid-Test Rati Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio Case X Case Y Case Z to 1 to 1 to 1