fa nemours To Selena ucf Canvas Chapters 8 & 9 Homework 3 25 points (5 in millions) Current assets: Cash and cash equivalents Problem 8-9A (Algo) Calculate and analyze ratios (LO8-6) Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises $175 ACME Corporation $533 eBook Current investments $ 545 Net receivables 722 96 Inventory 10, 606 7,509 Other current assets 3,322 Pr total current assets $13,0 245 $8,470 Current Liabilities: Current debt $7,521 $4,480 References Accounts payable 1,697 951 Other current liabilities 1,002 2,355 Total current liabilities $10,228 $7,786 Required: Mc Graw 1-8. Calculate the current ratio for ACME Corporation and Wayne Enterprises. 1-b. Which company has the more favorable ratio? 2- Calculate the acid-test (quick) ratio for ACME Corporation and Wayne Enterprises. 2-b. Which company has the more favorable ratio? Complete this question by entering your answers in the tabs below. Req 18 Reg 2A Req 28 Calculate the current ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions. $5,500,000 should be entered as 5.5.) Current Ratio Total current assets Total current liabilbes ACME Corporation Wayne Enterprises Req 18 >