Question: Use the following table: Case X Case Y Case Z Total current assets Cash Short term investments Receivables Inventory Prepaid expenses Current liabilities $ 770

Use the following table: Case X Case Y Case Z Total current assets Cash Short term investments Receivables Inventory Prepaid expenses Current liabilities $ 770 $ 780 $ 980 e e 420 D 870 710 1,700 840 3,440 1,100 530 770 $3,570 $3,020 $6,120 $1,900 $ 950 $3,080 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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