52,950 42 current assets Cash and cash equivalents Short-term investments Net receivables Inventory other current assets Total current assets current liabilities Accounts payable Short-term debt other current liabilities Total current liabilities 5640 3,699 991 520 350 56,191 1,370 205 477 55,602 Skipped $7,180 1,210 $4,295 1,022 1,302 36,619 eBook 1-6. Calculate the current ratio for Simon. Then calculate the current ratio for Garfunkel. (Round your answers to 2 decimal places.) Current Ratio Simon Garfunkel 1-b. Which of the two companies has the best current ratio? O Simon O Garfunkel 2.6. Calculate the acid-test (quick) ratio for Simon. Then calculate the acid-test (quick) ratio for Garfunkel (Round your answers to 2 decimal places.) Acid test (quick Ratio Simon Garfunkel 2.b. Which of the two companies has the best acid-test ratio? Garfunkel Simon 42 Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are provided as follows: Simon Garfunkel $2,950 Skipped (5 in millions) Current assets Cash and cash equivalents Short-term investments Net receivables Inventory other current assets Total current assets Current liabilities Accounts payable Short-term debt other current liabilities Total current liabilities 5640 3,690 991 520 350 56,191 1,370 205 472 55, ee2 eBook 57,180 1,21e $4,295 1,022 1,382 $8,390 36,619 1-3. Calculate the current ratio for Simon Then calculate the current ratio for Garfunkel (Round your answers to 2 decimal places.) Current Ratio Simon Garfunkel 1-b. Which of the two companies has the best current ratio O Simon Garfunkel 2-6. Calculate the acid-test (quick) ratio for Simon Then calculate the acid-test (quick) ratio for Garfunkel (Round your answers to 2 decimal places.) Acid est Iquick Ratio Sinton Garfunkel