Question: Exercise 5-14 computing and analyzing acid-test and current ratios LAT Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Case x Case Y

Exercise 5-14 computing and analyzing acid-test and current ratios LAT Cash

Exercise 5-14 computing and analyzing acid-test and current ratios LAT Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Case x Case Y Case z 1,800120 $1,000 400 400 1,900 1,800 2,500 900 150 400 200 500 $4,050 2,820 $5,200 Current liabilities $2,000 $1,210 $3, 000 Compute the current ratio and acid-test ratio for each of the following 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 Ratio Choose Numerator: Choose Denominator: Acid-Test Ratio Acid-test ratio Case X Case Y Case Z to 1 to 1 to 1

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