10 0.9 points 01:21:10 eBook Hint Print References Check my Selected financial data regarding current assets and current liabilities for Princess's Line, a competitor in the cruise line industry, is provided: ($ in millions) Current assets: Cash and cash equivalents Current investments Net receivables Inventory Other current assets Total current assets Current liabilities: Accounts payable Short-term debt Other current liabilities. Total current liabilities Current Ratio Required: 1. Calculate the current ratio and the acid-test ratio for Princess's Line. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.) Accounts in Ratio Acid-Test Ratio Accounts in Ratio Amounts $464 88 277 102 128 $1,059 Amounts $1,050 659 954 $2,663

Selected financlal data regarding current assets and current liabilities for Princess's Line, a competitor in the cruise line industry, is provided: Required: 1. Calculate the current ratio ond the acid-test ratio for Princess's Line. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5 .) Selected financlal data regarding current assets and current liabilities for Princess's Line, a competitor in the cruise line industry, is provided: Required: 1. Calculate the current ratio ond the acid-test ratio for Princess's Line. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5 .)