Arne Accessories has the following current assots: cash. $94 million: receivables....
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Arne Accessories has the following current assots: cash. $94 million: receivables. $86 million; Inventory. $174 million and other current assets. $10 million Airline Accessories has the following liabilities: accounts payable. $82 million current portion of long-term Dept. $27mwton and long-term debt. $15 million. Based on these amounts, calculate the current ratio and the acid-test ratio for Airline Accessories (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.) Current Ratio current assets Cum te 0 Acid Test Rio Quick assets Currenties 0
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