nect Homework Saved Exercise 8-17A Calculate and analyze liquidity ratios (L08-6) Selected financial data regarding current assets and current liabilities for Queen's Line, a competitor in the cruise line industry, is provided $ 442 90 220 104 ($ 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 129 $ 985 $1,160 664 949 $2,773 Required: 1. Calculate the current ratio and the acid-test ratio for Queen's Line (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.) Current Ratio Acid-Test Ratio