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i need help with 2a Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows ACME Corporation
i need help with 2a
Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows ACME Corporation Wayne Enterprises $ 2,494 is in illions) 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 abilities Tatal current abilities 1,395 10,710 773 $15,372 $ 541 125 217 3.600 301 $9,784 $1,321 8,871 1,270 $11, 462 5 47 5,327 2,334 $7,708 Required: 1-2. Calculate the current ratio for ACME Corporation and Wayne Enterprises (Enter your answers in millions. For example, $5,500,000 should be entered as 5.5.) Required: 1-0. Calculate the current tatlo for ACME Corporation and Wayne Enterprises. (Enter your answers in millions. For example, $5,500,000 should be entered as 5.5.) noti Total current assets Total current liabilities 5 ACME por 15,372 11,462 $ Wayne Enterprise 9,784 1269 7,708 1.341 $ $ 1-b. Which company has the better ratio? ACME Corporation Wayne Enterprises 2.6. 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 Ratio Total current assets Total current liabilities ACME Corporation 52428 0.24 5 9,921 $ Wayne Enterprises 845 7.726 0.11 - 2-b. Which company has the better ratio? O ACME Corporation Wayne Enterprises Step by Step Solution
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