selected financial data regarding current assets and current liabilities for princess's line, a competitor in the cruise line industry, is provided: ($ in millions) current assets: cash and cash equivalents $349 current investments 72 net receivables 238 inventory 128 other current assets 141 total current assets $928 current liabilities: accounts payable $1,075 short-term debt 724 other current liabilities 889 total current liabilities $2,688 required: 1. calculate the current ratio and the acid-test ratio for princess's line. (enter your answers in millions, not in dollars. for example, $5,500,000 should be entered as 5.5.)
