Exercise 5-21- Computing and analyzing the acid-test ratio Emiko Cred a. Compute the acid-test ratio for each of the following separate cases. b. Which company is in the best position to meet short-term obligations? Camaro GTO Torino A1 Cash $2,000 $ 110 Short-term investments 50 0 $1,000 580 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 ulicing transactions assum- Exercise 5-22 dic Recording