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Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: 40 ($ in millions) Current assets: Cash
Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: 40 ($ in millions) Current assets: Cash and cash equivalents Current investments Net receivables Inventory Other current assets Total current assets ACME Wayne Corporation Enterprises $ 519 $ 185 7 461 618 106 10,645 7,609 1.251 155 $ 13,040 $8,516 Current liabilities Current debt Accounts payable and accrued liabilities Other cutrent liabilities $ 7621 1,707 1,148 $4,464 961 2,552 Total current liabilities $10.476 57,977 Required: 1-a. Calculate the current ratio for ACME Corporation and Wayne Enterprises (Enter your answers in millions (ie, $5,500,000 should be entered as 5.5))
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