Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ($ in millions) S ACME Corporation Wayne Enterprises Current assets: Cash and cash equivalents Current investments Net receivables Inventory $456 $205 5 436 745 126 10,513 7,809 Other current assets 1,348 175 Total current assets $13,067 $8,751 Current liabilities: Current debt Accounts payable $7,821 $4,509 1,727 981 Other current liabilities Total current liabilities Required: 1,180 2,459 $10,728 $7,949 1-a. Calculate the current ratio for ACME Corporation and Wayne Enterprises. 1-b. Which company has the more favorable ratio? 2-a. Calculate the acid-test (quick) ratio for ACME Corporation and Wayne Enterprises. 2-b. Which company has the more favorable ratio? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B 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.) Check my