Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are provided as follows: is in millions) Current assets Cash and cash equivalents Short-term investments Net receivables Inventory Other current assets Total current assets Current liabilities Accounts payable Short-term debt Other current liabilities Total current liabilities Simon Garfunkel 5620 $2,95e 3,620 @ 984 1,320 505 210 335 475 $6,064 $4,955 $7,540 1,230 8 $8,770 $4,270 1,029 1,304 $6,603 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 1-b. Which of the two companies has the best current ratio? Simon Garfunkel 2-a. Calculate the acid-test (quick) ratio for Simon. Then calculate the acid-test (quick) ratio for Garfunkel. (Round your answers to 2 decimal places.) Acid-test (quick) Ratio Simon Garfunkel 2.b. Which of the two companies has the best acid-test ratio? Garfunkel Simon