Exercise 4-21 (Algo) Computing and analyzing the acid-test ratio LO A1 Cash Current receivables Inventory Prepaid expenses Camaro $ 2,100 GTO Torino $ 180 $ 1,100 Short-term investments 0 0 700 210 2,050 300 460 1,920 600 700 2,800 900 Total current assets $ 4,660 $ 3,160 $ 6,200 Current liabilities $ 2,120 $ 1,270 $ 3,300 a. Compute the acid-test ratio for each of the separate cases above. 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 Compute the acid-test ratio for each of the separate cases above. Camaro GTO Torino Numerator: / 1 Acid-Test Ratio Denominator: Acid-Test Ratio Acid-test ratio = to 1 => to 1 = to 11 Raduled A Required B >