Use the following table: Case X Case Y Case Z Cash $ 950 $ 1,510...
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Accounting
Use the following table: Case X Case Y Case Z Cash $ 950 $ 1,510 $ 2,000 Short-term investments 0 0 800 Receivables 0 1,740 1,400 Inventory 3,500 1,600 6,700 Prepaid expenses 2,700 1,050 1,500 Total current assets $ 7,150 $ 5,900 $ 12,400 Current liabilities $ 3,700 $ 1,850 $ 5,900 Required: Calculate the quick ratio in each of the above cases and select the case which is in the best position to meet short-term obligations most easily. (Round your answers to 2 decimal places.)
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