Question: 2 Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: AONE Corporation wayne Enterprises (5 in
2 Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: AONE Corporation wayne Enterprises (5 in millions) Current assets: cash and cash equivalents Current investments Net receivables Inventory other current assets Total current assets Current liabilities: Current debt Accounts payable other current liabilities Total current liabilities $ 446 7 853 10,639 1,226 $13,071 $ 315 543 236 8,909 285 $1e, 288 eBook $ 3,921 1,837 1,178 $11,936 $ 4,260 1,091 2.526 $ 7,877 ferences Required: 1.a. 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.) Current Ratio ACME Corporation Wayne Enterprises 1-b. Which company has the better ratio? ACME Corporation Wayne Enterprises
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