Selected financial data regarding current assets and current liabilities for Queen's Line, a competitor in...
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Selected financial data regarding current assets and current liabilities for Queen's Line, a competitor in the cruise line industry, is provided 96 (5 in millions) Current assets: Cash and cash equivalents $ 403 Current investments 82 Net receivables 271 Inventory Other current assets 125 Total current assets $ 977 Current liabilities: Accounts payable $1,061 Short-term debt 644 Other current liabilities 969 Total current liabilities $2,674 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 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.) Acid Test Ratio
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