Question: 13. Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are provided as follows: Selected financial data regarding

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

13. Selected financial data regarding current assets and current liabilities for two

Selected financial data regarding current assets and current liabillties for two competing companles, Simon and Garfunkel, are provided as follows: (s in millions) Current assets Cash and cash equivalents Short-term investments Net receivables Inventory Other current assets Simon Garfunkel $ 630 3,668 988 518 328 $3,8e8 1,380 282 475 $6,188 $5,857 Total current assets Current liabilities Accounts payable Short-term debt Other current liabilities Total current liabilities $7,988 $4,275 1,825 8 1,307 $9,198 $6,607 1,218 1-a. Calculate the current ratio for Slmon. Then calculate the current ratio for Garfunkel. (Round your answers to 2 decimel places.) Current Ratio Simon Garfunkel 1-b. Which of the two companles has the best current ratio? Simon O Garfunkel 2-a. Calculate the acld-test (quick) ratio for SImon. Then calculate the acid-test (quick) ratio for Garfunkel. (Round your answers to 2 declmal places.) (quick) Ratio Simon Garfunkel 2-b. Which of the two companles has the best acld-test ratio? O Garfunkel Simon

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