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Use the following table: Cash Short-term investments Receivables Inventory Prepaid expenses Total current assets Current...

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Accounting

Use the following table: Cash Short-term investments Receivables Inventory Prepaid expenses Total current assets Current liabilities Quick ratio Case X 790 $ Case X Case Y $ 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 Y 860 0 970 920 590 0 0 1,900 1,300 $ 3,990 $3,340 $7,000 $ 2,100 $ 1,050 $ 3,380 Case Z $1,100 460 790 3,800 850 Case Z Best Case
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Use the following table Required: Calculate the quick ratio in each of the above cases and select the case which is in the best position to meet shortterm obligations most easily (Round your answers to 2 decimal ploces.)

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