Business, 12.03.2020 21:41 lidsrays

Computing and analyzing acid-test and current ratios

Case X Case Y Case Z
Cash $1,800 $120 $1,000
Short-term investments 0 0 400
Current receivables 150 400 400
Inventory 1,900 1,800 2,500
Prepaid expenses 200 500 900
Total current assets $4,050 $2,820 $5,200
Current liabilities $2,000 $1,210 $3,000

Required:
Compute the current ratio and acid-test ratio for each of the above separate cases. Round your answers to 2 decimal places.

Answers: 1

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Computing and analyzing acid-test and current ratios

Case X Case Y Case Z
Cash $...

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