Question: i need help with 2a Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows ACME Corporation


Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows ACME Corporation Wayne Enterprises $ 2,494 is in illions) 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 abilities Tatal current abilities 1,395 10,710 773 $15,372 $ 541 125 217 3.600 301 $9,784 $1,321 8,871 1,270 $11, 462 5 47 5,327 2,334 $7,708 Required: 1-2. 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.) Required: 1-0. Calculate the current tatlo for ACME Corporation and Wayne Enterprises. (Enter your answers in millions. For example, $5,500,000 should be entered as 5.5.) noti Total current assets Total current liabilities 5 ACME por 15,372 11,462 $ Wayne Enterprise 9,784 1269 7,708 1.341 $ $ 1-b. Which company has the better ratio? ACME Corporation Wayne Enterprises 2.6. 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 Ratio Total current assets Total current liabilities ACME Corporation 52428 0.24 5 9,921 $ Wayne Enterprises 845 7.726 0.11 - 2-b. Which company has the better ratio? O ACME Corporation Wayne Enterprises
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