Question: rowe WP He Selected financial data regarding current assets and current liabilities for Queen's Line, a competitor in the cruise line industry, is provided I
rowe WP He Selected financial data regarding current assets and current liabilities for Queen's Line, a competitor in the cruise line industry, is provided I will Current as Cash and cal equivalents Currest investito Net receivables Inventory Other Cast Total current assets Current liabilities Accounts payable Short-ter det Other carrent Isabilities Total current liabilities 98 23 312 133 31.079 31.010 929 52.623 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.) Current Ratio Acid-Test Bo . 2 S 4 3 5 6 8 9 w E R T Y U P. S D F G H L
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