Cash $ 2,050 $ 170 $ 1,100 Short-term investments 0 0 500 Current receivables 200 450 650 Inventory 2,025 1,900 2,750 Prepaid expenses 200 600 900 Total current assets $ 4,475 $ 3,120 $ 5,900 Current liabilities $ 2,100 $ 1,260 $ 3,250 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?

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right