Question: Use the following table: Case X Case Y Case Z Cash $ 860 $ 1,140 $ 1,520 Short-term investments 0 0 600 Receivables 0 1,320

Use the following table:

Case X Case Y Case Z
Cash $ 860 $ 1,140 $ 1,520
Short-term investments 0 0 600
Receivables 0 1,320 1,070
Inventory 2,600 1,200 5,060
Prepaid expenses 2,000 800 1,130
Total current assets $ 5,460 $ 4,460 $ 9,380
Current liabilities $ 2,800 $ 1,400 $ 4,430

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.)

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