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Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: (5 in millions) Wayne Enterprises ACME
Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: (5 in millions) Wayne Enterprises ACME Corporation Current assets: Cash and cash equivalents $ 503 $155 Current investments 7 484 Net receivables 778 76 Inventory 10,622 7,309 Other current assets 1,301 125 Total current assets $13,203 $8,149 Current liabilities: Current debt Accounts payable $7,321 $4,270 1,677 931 Other current liabilities 1,182 2,300 Total current liabilities $10, 180 $7,501 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
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