[The following information applies to the questions displayed below.]

The following accounts are taken from the financial statements of Paradise Tropical Resorts at June 30, 2019. (Amounts are in millions.)

Accounts Payable	$ 1,720
Accounts Receivable	370
Cash	3,450
Common Stock	11,800
Equipment	3,400
Income Tax Expense	370
Interest Expense	120
Notes Payable (long-term)	1,250
Prepaid Rent	1,450
Retained Earnings	3,300
Service Revenue	8,800
Short-Term Investments	7,000
Software	2,400

1. 3-a. Determine the current ratio.

2. 3-b. Were the current assets sufficient to cover the current liabilities at June 30, 2019?