Required information [The following information applies to the questions displayed below.] The following accounts are taken from the financial statements of Paradise Tropical Resorts at June 30, 2019. (Amounts are in millions.) {:[" Accounts Payable ",$1","710],[" Accounts Receivable ",460],[" Cash ",3","900],[" Common Stock ",13","600],[" Equipment ",3","750],[" Income Tax Expense ",460],[" Interest Expense ",210],[" Notes Payable (long-term) ",1","700],[" Prepaid Rent ",1","900],[" Retained Earnings ",4","200],[" Service Revenue ",13","300],[" Short-Term Investments ",7","900],[" Software ",3","300]:} 3-a. Determine the current ratio. 3-b. Were the current assets sufficient to cover the curre liabilities at June 30, 2019