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Selected financial data regarding current assets and current liabilities for Duchess's Line, a competitor in the cruise line industry, is provided Current as Cash
Selected financial data regarding current assets and current liabilities for Duchess's Line, a competitor in the cruise line industry, is provided Current as Cash and cash equivalents Current investments Not receivables Inventory Other current assets Total current assets Current liabilities Accounts payable Short-term debt Other current liabilities Total current liabilities Required: 0406 " 213 110 132 5957 $1,100 679 106 $2,793 1. Calculate the current ratio and the acid-test ratio for Duchess's Line. (Enter your answers in millions, not in dollars. For example. $5,500,000 should be entered as 5.5.)
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