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

Selected financial data regarding current assets and current liabilities for Princess's Line, a competitor in the cruise line industry, is provided: ($ in millions) Current assets: Cash and cash equivalents $351 Current investments 76 Net receivables 204 Inventory 114 Other current assets 134 Total current assets $879 Current liabilities: Accounts payable $1,190 Short-term debt 689 Other current liabilities 924 Total current liabilities $2,803 Required: 1. Calculate the current ratio and the aci

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