Question: Exercise 5-21 (Algo) Computing and analyzing the acid-test ratio LO A1 Camaro GTO Torino Cash $ 1,950 $ 150 $ 1,100 Short-term investments 0 0

Exercise 5-21 (Algo) Computing and analyzing the acid-test ratio LO A1 Camaro GTO Torino Cash $ 1,950 $ 150 $ 1,100 Short-term investments 0 0 600 Current receivables 180 430 550 Inventory 1,975 1,860 2,650 Prepaid expenses 200 500 900 Total current assets $ 4,305 $ 2,940 $ 5,800 Current liabilities $ 2,060 $ 1,240 $ 3,150 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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