Question: P8-9A Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: 1. Calculate the current ratio for

P8-9A Selected financial data regarding current assets and current liabilities forACME Corporation and Wayne Enterprises, are as follows: 1. Calculate the current

P8-9A Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: 1. Calculate the current ratio for ACME Corporation and Wayne Enterprises. Which company has the better ratio? 2. Calculate the acid-test (quick) ratio for ACME Corporation and Wayne Enterprises. Which company has the better ratio? 3. How would the purchase of additional inventory on credit affect the current ratio? How would it affect the acid-test ratio

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