Question: 6 5 Doints Brief Exercise 8-16 Calculate current and acid-test ratios (L08-6) Airline Accessories has the following current assets: cash, $102 million; receivables. $94 million:

6 5 Doints Brief Exercise 8-16 Calculate current and acid-test ratios (L08-6) Airline Accessories has the following current assets: cash, $102 million; receivables. $94 million: Inventory. $182 million and other current assets, $18 million. Airline Accessories has the following liabilities: accounts payable, $98 million; current portion of long-term debt, $35 million; and long-term debt, $23 million. Based on these amounts, calculate the current ratio and the acid-test ratio for Airline Accessories (Enter your answers in milions, not in dollars. For example, $5,500,000 should be entered as 5.5.) eBock Current Ratio Acid-Test Ratio

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