Question: Use the following table: Case X Case Y Case Z Cash $ 8 5 0 $ 1 , 1 0 0 $ 1 , 4

Use the following table:
Case X Case Y Case Z
Cash $ 850 $ 1,100 $ 1,460
Short-term investments 00580
Receivables 01,2701,030
Inventory 2,5001,1604,880
Prepaid expenses 1,9007701,090
Total current assets $ 5,250 $ 4,300 $ 9,040
Current liabilities $ 2,700 $ 1,350 $ 4,280
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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