I need help with this homework question. Thisquestion is from McGraw Hill Chapter 8 Homework:

Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows:

($ in millions) ACME Corporation Wayne Enterprises

Current assets:

Cash and cash equivalents $378 $295

Current investments 5 431

Net receivables 711 216

Inventory 10,511 8,709

Other current assets 1,375 265

Total current assets $ 12,980 $ 9,916

Current liabilities:

Current debt $8,721 $ 4,266

Accounts payable and accrued liabilities 1,817 1,071

Other current liabilities 1,084 2,356

Total current liabilities $ 11,622 $ 7,693

Required:

1-a. Calculate the current ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions (i.e., $5,500,000 should be entered as 5.5).)

1-b. Which company has the better ratio?

2-a. Calculate the acid-test (quick) ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions. (i.e., $5,500,000 should be entered as 5.5.))

2-b. Which company has the better ratio?