Problem 8-9A (Static) 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 ($ in millions) 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 Total current liabilities Req 1A Req 1B $2,494 1,395 10,710 773 $15,372 Req 2A Current Ratio $1,321 8,871 1,270 $11,462 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? Complete this question by entering your answers in the tabs below. $541 125 217 Req 2B 8,600 301 $9,784 $47 5,327 2,334 $7,708 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.) ACME Corporation Wayne Enterprises

Complete this question by entering your answers in the tabs below. 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 .) Complete this question by entering your answers in the tabs below. Which company has the more favorable ratio? Complete this question by entering your answers in the tabs below. Which company has the more favorable ratio? Problem 8-9A (Static) Calculate and analyze ratios (LO8-6) Selected financial data regarding curient assets and current labilties for ACME Corporation and Wayne Enterprises, are as follows Required: 1.e. Calculate the current ratio for ACME Corporation and Wayne Enterprises 16. Which company has the more favorable ratio? 2-a. Calculite the acid-test (quich) ratio for ACME Corporation and Woyne Enterprises 2.6. Which compory has the mose fivorable satio? Complete this question by entering your answers in the tabs below. is, 500, 000 shauld be entered as 5.3.j