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a. Compute the acid-test ratio for each of the separate cases above. b. Which company is in the best position to meet short-term obligations? Complete this question by entering your answers in the tabs below. Which company is in the best position to meet short-term obligations? Which company is in the best position to meet short-term obligations? (a) Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (b) Which company has the better gross margin ratio? Complete this question by entering your answers in the tabs below. Which company has the better gross margin ratio? a. Compute the acid-test ratio for each of the separate cases above. b. Which company is in the best position to meet short-term obligations? Complete this question by entering your answers in the tabs below. Compute the acid-test ratio for each of the separate cases above. (a) Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. (b) Which company has the better gross margin ratio? Complete this question by entering your answers in the tabs below. Compute net sales, gross profit, and the gross margin ratio for each of the four separate companies. Note: Round your gross margin ratio to 1 decimal place, i.e., 0.2367 should be entered as 23.7%

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