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Calculate the current ratio and the acid-test ratio for Sussex's Line. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be
Calculate the current ratio and the acid-test ratio for Sussex's Line. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.) Current Ratio Accounts in Ratio Acid-Test Ratio Accounts in Ratio Amounts Amounts ($ 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 $302 66 202 126 140 $836 $1,150 719 894 $2,763
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