Question: Exercise 4-21 (Static) Computing and analyzing the acid-test ratio LO A1 Camaro GTO Torino Cash $ 2,000 $ 110 $ 1,000 Short-term investments 50 0

Exercise 4-21 (Static) Computing and analyzing the acid-test ratio LO A1 Camaro GTO Torino Cash $ 2,000 $ 110 $ 1,000 Short-term investments 50 0 580 Current receivables 350 470 700 Inventory 2,600 2,420 4,230 Prepaid expenses 200 500 900 Total current assets $ 5,200 $ 3,500 $ 7,410 Current liabilities $ 2,000 $ 1,000 $ 3,800 Compute the acid-test ratio for each of the separate cases above. Which company is in the best position to meet short-term obligations

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