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[The following information applies to the questions displayed below] The following accounts are taken from the financial statements of Paradise North End Resorts at
[The following information applies to the questions displayed below] The following accounts are taken from the financial statements of Paradise North End Resorts at June 30, 2019. (Amounts are in millions.) Accounts Payable Accounts Receivable Cash Common Stock Equipment Income Tax Expense Interest Expense Notes Payable (long-term) Prepaid Rent Retained Earnings Service Revenue Short-Term Investments Software $1,590 440 3,800 13,200 3,550 550 440 440 190 1,600 1,800 4,000 12,300 7,700 3,100 3-a. Determine the current ratio. 3-b. Were the current assets sufficient to cover the current liabilities at June 30, 2019? Complete this question by entering your answers in the tabs below. Req 3A Req 3B Determine the current ratio. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Current Ratio Numerator Denominator Current Assets Current Liabilities $ 6,040 $ 1,590 3.80
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