Exercise 5-21 (Algo) Computing and analyzing the acid-test ratio LO A1 Cash Short-term investments Current receivables Inventory Prepaid expenses Camaro $ 2,050 0 200 2,025 GTO $ 170 450 1,900 Torino $ 1,100 0 500 200 600 Total current assets $ 4,475 $ 3,120 650 2,750 900 $ 5,900 Current liabilities $ 2,100 $ 1,260 $ 3,250 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 Choose Numerator: Acid-Test Ratio Choose Denominator: = Acid-Test Ratio = Acid-test ratio = 0 to 1 = 0 to 1 = 0 to 1 < Required A Required B >