Question: Problem 8-9A Calculate and analyze ratios (LO8-6) Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows:

 Problem 8-9A Calculate and analyze ratios (LO8-6) Selected financial data regarding

Problem 8-9A Calculate and analyze ratios (LO8-6) Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ACME Corporation Wayne Enterprises (s in millions) 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 liabilities Total current liabilities $ 533 5 722 10,606 1,322 $13, 188 $ 175 545 96 7,509 145 $8,47 $ 7,521 1,697 1,002 $19, 220 $4,480 951 2,355 $7,786 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.) Current Ratio ACME Corporation Wayne Enterprises

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