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

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

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: ($ in millions) Current assets: Cash and cash equivalents Current investments Net receivables Inventory ACHE Corporation $ 346 5 594 10,592 Wayne Enterprises $ 265 443 186 8,409 Other current assets Total current assets 1,230 $12,767 235 $9,538 Current liabilities: Current debt $ 8,421 $4,026 Accounts payable Other current liabilities Total current liabilities 1,787 1,041 1,091 $11,299 2,343 $7,410 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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