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Selected financial data regarding current assets and current liabilities for company is provided: ($ in millions) Current assets: Cash and cash equivalents Current investments
Selected financial data regarding current assets and current liabilities for company is provided: ($ 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 Required: $302 66 202 126 140 $836 $1,150 719 894 $2,763 1. Calculate the current ratio and the acid-test ratio for the company. (Enter your answers in millions, not in dollars. For examp $5,500,000 should be entered as 5.5.) Current Ratio Accounts in Ratio Amounts Acid-Test Ratio Accounts in Ratio Amounts
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