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Problem 8-9A Calculate and analyze ratios (L08-6) Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ($ in millions) Current assets: Cash and cash equivalents Current investments Net receivables Inventory Other current assets Total current assets Current liabilities: Current debt Accounts payable other current liabilities Total current liabilities ACME Corporation $ 533 5 611 10,548 1,273 $12,970 Wayne Enterprises 325 530 246 9,009 295 $10,405 $ 9,021 1,84% 1. 164 $12,032 $ 4,288 1,101 2.415 $ 7,804 2-a. Calculate the acid-test (quick) ratio for ACME Corporation and Wayne Enterprises (Enter your answers in millions. For example, $5,500,000 should be entered as 5.5.) Acid-Test Ratio ACME Corporation Wayne Enterprises 0 2-b. Which company has the better ratio? ACME Corporation Wayne Enterprises