Exercise 4-14 computing and analyzing acid-test and current ratios lo a1 case x case y case z cash $ 2,000 $ 110 $ 1,000 short-term investments 50 0 580 current receivables 350 470 700 inventory 2,600 2,420 4,230 prepaid expenses 200 500 900 total current assets $ 5,200 $ 3,500 $ 7,410 current liabilities $ 2,000 $ 1,000 $ 3,800 compute the current ratio and acid-test ratio for each of the following separate cases.

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer