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Selected financial data regarding current assets and current liabilities for Queen's Line, a competitor in the cruise line industry, is provided: $ 357 64 205
Selected financial data regarding current assets and current liabilities for Queen's Line, a competitor in the cruise line industry, is provided: $ 357 64 205 132 (5 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 143 $ 001 $1,175 734 879 $2,788 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 Other current liabilities Total current liabilities Required: 1. Calculate the current ratio and the acid-test ratio for Queen's Line $5,500,000 should be entered as 5.5.) answers in millions, not in dollars. For example, $ Current Ratio Acid-Test Ratio
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