equired) Saved Help Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ACME Corporation Wayne Enterprises ($ in millions) Current assets Cash and cash equivalents Current investments Not receivables Inventory Other current assets Total current assets Current liabilities: Current debt Accounts payable Other current liabilities Total current liabilities $ 378 5 711 10,511 1,375 $12,980 $ 295 431 216 8,709 265 $9.916 $ 8,721 1,817 1,084 $11, 622 $4,266 1,071 2356 $7,693 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 $ $ ACME Corporation 12,980 1.117 11,622 $ $ Wayne Enterprises 9,916 1.289 7.693 1-b. Which company has the better ratio? ACME Corporation Wayne Enterprises 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.) Acid-Tost Ratio ACME Corporation Wayne Enterprises Wayne Enterprises 2-a. Calculate the acid-test (quick) ratio for ACME Corporation and Wayne Enterprises. (Enter your ans $5,500,000 should be entered as 5.5.) Acid-Test Ratio ACME Corporation Wayne Enterprises 2-b. Which company has the better ratio? O ACME Corporation Wayne Enterprises