Computer Concepts restores and resells notebook computers. The company backs each notebook it sells with a two-year warranty against manufacturer's defects. Based on industry experience with similar products, warranty costs are expected to be approximately 2% of sales. By the end of the first year of selling the product, total sales are $30.3 million, and actual warranty expenditures are $230,000. What amount (if any) should Computer Concepts report as a liability at the end of the year? (Enter your answer in dollars, not millions. For example, $5.5 million should be entered as 5,500,000.) Warranty liability You have been asked to compute the current ratio and the acid-test ratio for ACME Fireworks. ACME Fireworks has the following current assets: cash, $98 million; receivables $90 million; inventory, $178 million; and other current assets, $14 million. ACME Fireworks has the following liabilities: accounts payable, $90 million; current portion of long-term debt, $31 million; and long-term debt, $19 million. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.) Current Ratio Acid-Test Ratio Current assets Current liabilities Fixed assets Long-term liabilities Quick assets