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, are as follows: Required: 1-a. Calculate the current ratio for ACME Corporation and Wayne Enterprises. 1-b. Which company has the more favorable ratio? 2-a. Calculate the acid-test (quick) ratio for ACME Corporation and Wayne Enterprises. 2-b. Which company has the more favorable ratio? Calculate the current ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions. For e) $5,500,000 should be entered as 5.5.) Calculate the acid-test (quick) ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millior example, $5,500,000 should be entered as 5.5.)