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Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are provided as follows: ($ in millions) Simon Garfunkel

Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are provided as follows:

($ in millions) Simon Garfunkel
Current assets
Cash and cash equivalents $ 640 $ 2,940
Short-term investments 3,610 0
Net receivables 985 1,300
Inventory 505 201
Other current assets 345 478
Total current assets $ 6,085 $ 4,919
Current liabilities
Accounts payable $ 7,050 $ 4,285
Short-term debt 1,260 1,024
Other current liabilities 0 1,301
Total current liabilities $ 8,310 $ 6,610

1-a. Calculate the current ratio for Simon. Then calculate the current ratio for Garfunkel. (Round your answers to 2 decimal places.)

Current Ratio

Simon ?

Garfunkel ?

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