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The Copper Grill has the following current assets: cash, $ 1 5 million; receivables, $ 4 8 million; inventory, $ 4 7 million; and other

The Copper Grill has the following current assets: cash, $15 million; receivables, $48 million; inventory, $47 million; and other current assets $4 million. The Copper Grill has the following liabilities: accounts payable, $35 million; current portion of long-term debt, $5 million; and long-term debt, $15 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.)
\table[[,The Copper Grill],[Current ratio,1],[Acid-test ratio,]]
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