Business, 07.10.2021 18:10 NicolasG

Selected financial data regarding current assets and current liabilities for Queen's Line, a competitor in the cruise line industry, is provided: ($ in millions) Current assets: Cash and cash equivalents $ 334 Current investments 70 Net receivables 232 Inventory 120 Other current assets 137 Total current assets $ 893 Current liabilities: Accounts payable $ 1,135 Short-term debt 704 Other current liabilities 909 Total current liabilities $ 2,748 Required: 1. Calculate the current ratio and the acid-test ratio for Queen's Line. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.)

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Selected financial data regarding current assets and current liabilities for Queen's Line, a competi...

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