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Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ACME Corporation Wayne Enterprises $ 215 439
Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ACME Corporation Wayne Enterprises $ 215 439 $ 491 7 826 10,622 1,304 $13,250 136 7,909 ($ 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 185 $8,884 $ 7,921 1,737 1,113 $4,294 991 2,398 $7,683 $10,771 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.) ACME Corporation Wayne Enterprises Current Ratio Total current assets Total current liabilities 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.) ACME Corporation Wayne Enterprises Acid-Test Ratio Quick assets Total current liabilities 0
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