Question: please solve thanks Selected nancial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: Acne Hayne (s in

please solve thanks

please solve thanks Selected nancial data regarding current assets and current liabilities

Selected nancial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: Acne Hayne (s in lillinns) Corporation Enterprises Current assets: Cash and cash equivalents $ 519 $ 245 Current investments 6 416 Net receivables 972 166 Inventory 18,673 8,289 Other current assets 1,152 215 Total current assets $13,362 $9,251 Current liabilities: Cur-rent debt 3; 3,221 54,543 Accounts payable 1,767 1,021 other current liabilities 1,165 2,458 Total current liabilities $11,153 $8,822 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.) 1-b. Which company has the better ratio? 0 Wayne Enterprises 0 ACME Corporation 2-a. Calculate the aciditest (quick) ratio for ACME Corporation and Wayne Enterprises. {Enter your answers in millions. For example, $5,500,000 should he entered as 5.5.) 2-b. Which company has the better ratio? 0 Wayne Enterprises 0 ACME Corporation

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!