Business, 23.03.2020 23:07 lopezsharon333

1. Compute the current ratio and acid-test ratio for each of the following separate cases:
Camaro GTO Torino
Cash $ 2,800 $ 310 $ 1,500
Short-term investments 0 0 600
Current receivables 340 590 450
Inventory 2,375 2,180 3,450
Prepaid expenses 400 700 900
Total current assets $ 5,915 $ 3,780 $ 6,900
Current liabilities $ 2,380 $ 1,400 $ 3,950

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1. Compute the current ratio and acid-test ratio for each of the following separate cases:
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