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Exercise 5-14 Computing and analyzing acid-test and current ratios LO A1 Case X Case Y...

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Exercise 5-14 Computing and analyzing acid-test and current ratios LO A1 Case X Case Y Case z $2,500 $ 250 $1,300 0 0 500 Cash Short-term investments Current receivables Inventory Prepaid expenses Total current assets Current liabilities 280 2,225 400 530 2,060 700 600 3,150 900 $5,405 $3,540 $6,450 $2,260 $1,340 $3,650 Compute the current ratio and acid-test ratio for each of the following separate cases. Choose Numerator: Current Ratio Choose Denominator: Current Ratio Current ratio Case to 1 X Case to 1 Case to 1 Choose Numerator: Acid-Test Ratio Choose Denominator: Acid-Test Ratio Acid-test ratio = to 1 Case Case IF

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