Case X Case Y Case Z Cash $...
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Accounting
| Case X | Case Y | Case Z | |||||||
| Cash | $ | 2,850 | $ | 320 | $ | 1,500 | |||
| Short-term investments | 0 | 0 | 400 | ||||||
| Current receivables | 350 | 600 | 500 | ||||||
| Inventory | 2,400 | 2,200 | 3,500 | ||||||
| Prepaid expenses | 400 | 700 | 900 | ||||||
| Total current assets | $ | 6,000 | $ | 3,820 | $ | 6,800 | |||
| Current liabilities | $ | 2,400 | $ | 1,410 | $ | 4,000 | |||
| Compute the current ratio and acid-test ratio for each of the above separate cases.
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