Business, 29.01.2020 05:40 ThatStudent8769

Selected financial data regarding current assets and current liabilities for queen's line, a competitor in the cruise line industry, is provided: (enter your answers in millions, not in dollars.)

($ in ,millions)
current assets:
cash and cash equivalents $307
current investments 82
net receivables 218
inventory 122
other current assets 138
total current assets $867
current liabilities:
accounts payable $1,165
short-term debt 709
other current liabilities 904
total current liabilities $2,778

required:
calculate the current ratio and the acid-test ratio for queen's line.

Answers: 2

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Selected financial data regarding current assets and current liabilities for queen's line, a competi...