Exercise 4-20 (Algo) Computing and analyzing the acid-test ratio LO A1 Canard 010 Torino $ 2,150 120 $1,000 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets d 150 400 400 1.900 1,500 2.50 200 500 900 $4,400 52.00 $5,200 52.000 $1.2105,000 Current Liabilities . a. Compute the acid test ratio for each of the following separate cases b. Which company is in the best position to meet short-term obligations? Complete this question by entering your answers in the tabs below. Required A Required Compute the acid-test ratio for each of the following separate cases Acid-Test Ratio Choose Numerator Choose Denominator: Acid Test Ratio He to search O BI a 2 3 5 4 5 0) N. 8 9 R. T Y C o P. S F. G . J K K a. Compute the acid-test ratio for each of the following separate cases. b. Which company is in the best position to meet short-term obligations? Complete this question by entering your answers in the tabs below. Required A Required B which company is in the best position to meet short-term obligations? Which company is in the best position to meet short-term obligations?