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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
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 ACHE Corporation Wayne Enterprises $ (s in nillions) 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 $ 549 6 738 10,681 1,207 $13,181 335 411 256 9,109 305 $10,416 $ 9, 121 1,857 1.165 $12, 143 $ 4,463 1,111 2,523 $ 8,097 Total current liabilities 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 entered as 5.5.) Current Ratio ACME Corporation Wayne Enterprises Total current assets Total current liabilities 0
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