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: ACME Wayne ($ in millions) Corporation Enterprises Current assets: Cash and cash equivalents $ 519 $ 245 Current investments 6 416 Net receivables 972 166 Inventory 10,673 8,209 Other current assets 1,192 215 Total current assets $13,362 $9,251 Current liabilities: Current debt $ 8,221 $4,543 Accounts payable 1,767 1,021 Other current liabilities 1,165 2.458 Total current liabilities $11,153 $8,022 Required: 1-a. Calculate the current ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions. For example, $5,500,000 should be enteed as 5.5.) Current Ratio ACME Corporation Wayne Enterprises 1-b. Which company has the better ratio? Wayne Enterprises ACME Corporation 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