11. Award: 0.19 out of 0.90 points You did not receive full cred Problem 8-9A Calculate and analyze ratios (LO8-6) Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follo ACME Wayne Corporation Enterprises $ 2,494 (5 in millions) Current assets: Cash and cash equivalents Current investments Net receivables Inventory Other current assets Total current assets 1,395 10.710 773 $ 541 125 217 8,600 301 $ 15,372 $ 9,784 Current liabilities: Current debt Accounts payable and accrued liabilities Other current liabilities Total current liabilities $ 1,321 8,871 1,270 $ 47 5.327 2,334 $ 11,462 $7,708 Required: 1-a. Calculate the current ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions (l.e., $5,500,000 Bent Batin ACMIGomoration Win Emmendise Required: 1-a. Calculate the current ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions. (i.e., $5,500,000 shou Current Ratio ACME Corporation Wayne Enterprises Total current assets $ 12,980 9,916 1.12 Total current liabilities $ 11,622 7,693 *Red text indicates no response was expected in a cell or a formula-based calculation is incorrect; no points deducted 1.29 1-b. Which company has the better ratio? ACME Corporation 2-a. Calculate the acid-test (quick) ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions (1.o., $5,500,0 Acid-Test Ratio ACME Corporation Wayne Enterprises 0 2-b. Which company has the better ratio? Wayne Enterprises