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

 Selected financial data regarding current assets and current liabilities for Sussex's

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 5.5.) Current Ratio Accounts in Ratio Amounts Acid-Test Ratio Accounts in Ratio Amounts

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