Question: Can you please help me with this work Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprisesare as follows.

Can you please help me with this work  Can you please help me with this work Selected financial data
regarding current assets and current liabilities for ACME Corporation and Wayne Enterprisesare

Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprisesare as follows. ACME Corporation Wayne Enterprises ($ 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 $ 533 5 611 10,548 1,273 $12,970 $ 325 530 246 9,009 295 $10,405 $ 9,021 1,847 1,164 $12,032 $ 4,288 1,101 2.415 $ 7,804 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 Total current assets $ Total current liabilities is ACME Corporation 12,970 1.078 12,032 $ $ Wayne Enterprises 10,405 1.333 7,804 2-a. Calculate the acid-test (quick) ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions. For example, $5,500,000 should be entered as 5.5.) ACME Corporation Acid-Test Ratio Total current assets Total current liabilities Wayne Enterprises 0 0 2-b. Which company has the better ratio? O ACME Corporation Wayne Enterprises

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