Question
Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ($ in millions) ACHE Corporation: Wayne
Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ($ in millions) ACHE Corporation: Wayne Enterprises $ 235 407. Current assets: Cash and cash equivalents $ 3721 Current investments 5 Not receivables 721 156 Inventory 10,580 8,109 Other current assets 1,266 205 Total current assets: $12,944 $9,112 Current liabilities: Current debt 0,121 $4,073 Accounts payable 1,757 1,011 Other current liabilities 1,001 2,309 Total current liabilities $10,879 $7.473 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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