Exercise 4-14 computing and evaluating acid-test and also current ratios LO A1 instance X situation Y instance ZCash $ 2,050 $ 170 $ 1,100Short-term investments 0 0 500Current receivables 200 450 650Inventory 2,025 1,900 2,750Prepaid costs 200 600 900Total current assets $ 4,475 $ 3,120 $ 5,900Current legal responsibility $ 2,100 $ 1,260 $ 3,250

# COMPUTE THE CURRENT RATIO AND ACID-TEST RATIO FOR EACH OF THE FOLLOWING SEPARATE CASES.

Exercise 4-14 computing and evaluating acid-test and also current ratios LO A1 instance X situation Y instance ZCash $ 2,050 $ 170 $ 1,100Short-term investments 0 0 500Current receivables 200 450 650Inventory 2,025 1,900 2,750Prepaid costs 200 600 900Total current assets $ 4,475 $ 3,120 $ 5,900Current legal responsibility $ 2,100 $ 1,260 $ 3,250