what did I get wrong? please explain as throughly as possible thank you ...
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Accounting
what did I get wrong? please explain as throughly as possible
thank you
Airline Accessories has the following current assets: cash, $95 million; receivables, $87 million; inventory, $175 million; and other current assets, $11 million. Airline Accessories has the following liabilities: accounts payable. $84 million, current portion of long term debt, $28 million; and long-term debt. $16 million. Based on these amounts, calculate the current ratio and the acid-test ratio for Airline Accessories. (Enter your answers in millions, not in dollars. For example, $5,500,000 should be entered as 5.5.) & Answer is complete but not entirely correct. Current Ratio Current assets $ Current liabilities $ 368 3.29 112 Acid-Test Ratio Quick assets VIS 193 X Current liabilities S 112 1.72
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