Question: Use the following table: Case X Case Y Case Z Cash $ 920 $ 1,390 $ 1,820 Short-term investments 0 0 740 Receivables 0 1,590

Use the following table: Case X Case Y Case Z Cash $ 920 $ 1,390 $ 1,820 Short-term investments 0 0 740 Receivables 0 1,590 1,280 Inventory 3,200 1,480 6,160 Prepaid expenses 2,400 960 1,380 Total current assets $ 6,520 $ 5,420 $ 11,380 Current liabilities $ 3,400 $ 1,700 $ 5,450 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.)

Use the following table: Case X Case Y Case Z Cash $

Case X Case Y Case z Best Case Quick ratio

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