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ok nt ences Use the following table: Cash Short-term investments Receivables Inventory Prepaid expenses Total...

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Accounting

ok nt ences Use the following table: Cash Short-term investments Receivables Inventory Prepaid expenses Total current assets Current liabilities Quick ratio Case X $ 910 Case X Case Y $1,350 0 0 3,100 2,300 $ 6,310 $5,260 $3,300 Case Y 0 1,540 1,440 930 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.) Case Z $ 1,760 720 1,240 5,980 1,340 $11,040 $1,650 $ 5,300 Case Z Best Case

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