The Copper Grill has the following current assets: cash, $14 million; receivables, $55 million; inventory, $41...
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The Copper Grill has the following current assets: cash, $14 million; receivables, $55 million; inventory, $41 million; and other current assets $3 million. The Copper Grill has the following liabilities: accounts payable, $37 million; current portion of long-term debt, $6 million; and long-term debt, $14 million. Based on these amounts, calculate the current ratio and the acid-test ratio for The Copper Grill. (Round your answers to 2 decimal places.) Current ratio Acid-test ratio The Copper Grill The Copper Grill has the following current assets: cash, $14 million; receivables, $55 million; inventory, $41 million; and other current assets $3 million. The Copper Grill has the following liabilities: accounts payable, $37 million; current portion of long-term debt, $6 million; and long-term debt, $14 million. Based on these amounts, calculate the current ratio and the acid-test ratio for The Copper Grill. (Round your answers to 2 decimal places.) Current ratio Acid-test ratio The Copper Grill
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