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The Copper Grill has the following current assets: cash, $13 million; receivables, $52 million; inventory, $43 million; and other current assets $5 million. The Copper

image text in transcribed The Copper Grill has the following current assets: cash, $13 million; receivables, $52 million; inventory, $43 million; and other current assets $5 million. The Copper Grill has the following liabilities: accounts payable, $37 million; current portion of long-term debt, $6 million; and long-term debt, $13 million. Based on these amounts, calculate the current ratio and the acid-test ratio for The Copper Grill. (Round your answers to 2 decimal places.)

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