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Selected financial data regarding current assets and current liabilities for Princess's Line, a competitor in the cruise line industry, is provided: (5 in millions)
Selected financial data regarding current assets and current liabilities for Princess's Line, a competitor in the cruise line industry, is provided: (5 in millions) Current assets: Cash and cash equivalents. Current investments Net receivables Inventory Other current assets $464 88 277 102 128 Total current assets $1,059 $1,050 659 954 $2,663 Current liabilities: Accounts payable Short-term debt Other current liabilities Total current liabilities Required: 1. Calculate the current ratio and the acid-test ratio for Princess'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) Amounts Acid-Test Ratio Accounts in Ratio. Amounts
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