The Copper Grill has the following current assets; cash, $12 million; receivables, $53 million; inventory, $47 million; and other current assets $2 million. The Copper Grill has the following liabilities: accounts payable, $35 million; current portion of long—term debt, $7 million; and long—term debt, $12 million. 

Calculate the current ratio and the acid-test ratio for The Copper Grill.

Answer rating: 100% (QA)

To calculate the current ratio and the acidtest ratio for The Copper Grill we use the following form... View the full answer