Selected financial data regarding current assets and current liabilities for a company, a competitor in the cruise line industry, is provided:
($ in millions)
current assets:
cash and cash equivalents $ 442
current investments 90
net receivables 220
inventory 104
other current assets 129
total current assets $ 985
current liabilities:
accounts payable $ 1,160
short-term debt 664
other current liabilities 949
total current liabilities $ 2,773
1. calculate the current ratio and the acid-test ratio for the company.
current ratio
and
acid test ratio