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I need help calculating the Current Ratio given the information below (numbers are in millions). Please provide an explanation so I understand specifically what the

I need help calculating the Current Ratio given the information below (numbers are in millions). Please provide an explanation so I understand specifically what the answer means.

Current Assets Current Liabilities
Cash 57.40 Accounts Payable 20.40
Accounts Receivable 28.02 Short-Term Notes 4.20
Inventory 187.13 Other Current Liabilities 6.40

Other Current Assets

56.52 Total Current Liabilities 31.0
Total Current Assets 329.07 Long-term debt 3.20
Net Fixed Assets 275.20 Other long-term liabilities 5.50
Other Assets 88.80 Total Liabilities 39.70

TOTAL ASSETS $693.07

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