a. Calculate the current and acid-test ratios. Assets held for sale is classified as a current item

B. At December 31, 2018, Torstar Corporation had total current assets of $189,947 thousand, which included cash and cash equivalents of $68,227, restricted cash of $7,175, and receivables of $105,143. Current liabilities were $92,263 thousand. Did the current and acid-test ratios improve or weaken in 2019?

Torstar Corporation is a media company that publishes newspapers and digital media. The company reports the following current assets and current liabilities at December 31, 2019 (in thousands). Hint: Derivative financial instruments are current liabilities. Your answer is partially correct. Calculate the current and acid-test ratios. (Round answers to 2 decimal places, e.g. 1.75:1). Current ratio :1 Acid-test ratio :1