Question: Use the following table: Case X Case Y Cash Case z $2,000 $ 950 $1,510 e 0 800 Short-term investments. Receivables 0. 1,400 Inventory 1,740

Use the following table: Case X Case Y Cash Case z $2,000 $ 950 $1,510 e 0 800 Short-term investments. Receivables 0. 1,400 Inventory 1,740 3,500 1,600 6,709 Prepaid expenses 2,700 1,050 1,500 $7,150 $5,900 $12,400 Total current assets Current liabilities $3,700 $1,850 $ 5,900 Required: Calculate the quick ratio in each of the above cases and select the case which is in the best position to meet short-term obligations most easily. (Round your answers to 2 decimal places.) Case X Case Y Case Z Best Case Quick ratio
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