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?? The Copper Grill has the following current assets: cash, $11 million; receivables, $53 million; inventory. $46 million; and other current assets $4 million. The
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The Copper Grill has the following current assets: cash, $11 million; receivables, $53 million; inventory. $46 million; and other current assets $4 million. The Copper Grill has the following liabilities: accounts payable, $40 million; current portion of long-term debt, $7 million; and long-term debt, $11 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.) The Copper Grill Current ratio Acid-test ratio Step by Step Solution
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