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

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
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