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Business, 07.10.2019 17:30 texas101st78

Exercise 4-14 computing and analyzing acid-test and current ratios lo a1 case x case y case z cash $ 2,000 $ 110 $ 1,000 short-term investments 50 0 580 current receivables 350 470 700 inventory 2,600 2,420 4,230 prepaid expenses 200 500 900 total current assets $ 5,200 $ 3,500 $ 7,410 current liabilities $ 2,000 $ 1,000 $ 3,800 compute the current ratio and acid-test ratio for each of the following separate cases.

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