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Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ACME Wayne ($ in millions) Corporation Enterprises

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 $ 416 $ 305
Current investments 6 498
Net receivables 545 226
Inventory 10,551 8,809
Other current assets 1,316 275
Total current assets $ 12,834 $ 10,113
Current liabilities:
Current debt $ 8,821 $ 4,136
Accounts payable 1,827 1,081
Other current liabilities 1,014 2,325
Total current liabilities $ 11,662 $ 7,542

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
= =
= =
= =

2-b) Which company has the better ratio?

a.) ACME Corporation

b.) Wayne Enterprises

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