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Liquidity ratios. Edison, Stagg, and Thornton have the following financial information at the close of business on July 10:
Edison
Stagg
Thornton
Cash
$4,000
$2,500
$1,000
Short-term investments
3,000
2,500
2,000
Accounts receivable
Inventory
1,000
4,000
Prepaid expenses
800
Accounts payable
200
Notes payable: short-term
3,100
Accrued payables
300
Long-term liabilities
3,800
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