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  3. the copper grill has the following current assets:

The Copper Grill has the following current assets: cash, $15 million; receivables, $46 million; inventory,...

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Finance

The Copper Grill has the following current assets: cash, $15 million; receivables, $46 million; inventory, $45 million; and other current assets $5 million. The Copper Grill has the following liabilities: accounts payable, $34 million; current portion of long-term debt, $6 million; and long-term debt, $15 million. Based on these amounts, calculate the current ratio and the acid-test ratio for The Copper Grill

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