Exercise $8-18($Algo$)$ Calculate and analyze liquidity ratios $($LO$8-6)$

Selected financial data regarding current assets and current liabilities for Sussex's Line, a competitor in the cruise line industry, is provided:

$($$ in millions$)$

Current assets:

Cash and cash equivalents $$498$

Current investments $98$

Net receivables $238$

Inventory $112$

Other current assets $133$

Total current assets $$1,079$

Current liabilities:

Accounts payable $$1,010$

Short$-$term debt $684$

Other current liabilities $929$

Total current liabilities $$2,623$

Required:

$1.$ Calculate the current ratio and the acid$-$test ratio for Sussex's Line. $($Enter your answers in millions, not in dollars. For example, $$5,500,000$ should be entered as $5\mathrm{.}5.)$