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

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

Selected financial data regarding current assets and current liabilities for Queen's Line, a competitor in the cruise line industry, is provided: ($ in millions) Current assets: $ 457 Cash and cash equivalents Current investments 84 Net receivables 273 Inventory 98 Other current assets 126 $1,038 Total current assets Current liabilities: $1,070 649 Accounts payable Short-term debt Other current liabilities 964 $2,683 Total current liabilities 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 Ratio

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