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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: ( $ in

Selected financial data regarding current assets and current liabilities for Duchesss Line, a competitor in the cruise line industry, is provided:
($ in millions)
Current Assets:
Cash and Cash Equivalents $442
Current Investments 90
Net Receivables 220
Inventory 104
Other Current Assets 129
Total Current Assets $985
Current Liabilities:
Accounts Payable $1,160
Short-Term Debt 664
Other Current Liabilities 949
Total Current Liabilities $2,773
Required:
1.Calculated the current ratio and the acid-test ratio for Duchesss Line. (Enter your answer in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.)
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