Camaro GTO Torino Cash $ 2,000 $ 110 $ 1,000 ...
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Accounting
| Camaro | GTO | Torino | |
|---|---|---|---|
| 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 acid-test ratio for each of the separate cases above.
- Which company is in the best position to meet short-term obligations?
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