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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: is in millions) Current
Selected financial data regarding current assets and current liabilities for Queen's Line, a competitor in the cruise line industry, is provided: is in millions) Current assets: Cash and cash equivalents Current investments Not receivables Inventory Other current ante Total current assets Current liabilities: Accounts payable Short-term debt Other current liabilities Total current liabilities $ 498 98 23B 112 133 $1,079 $1.010 684 929 $2,623 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.) 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 Acid-Test Ratio
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