Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows:

($ in millions)	ACME Corporation	Wayne Enterprises
Current assets:
Cash and cash equivalents	$ 378	$ 295
Current investments	5	431
Net receivables	711	216
Inventory	10,511	8,709
Other current assets	1,375	265
Total current assets	$ 12,980	$ 9,916
Current liabilities:
Current debt	$ 8,721	$ 4,266
Accounts payable and accrued liabilities	1,817	1,071
Other current liabilities	1,084	2,356
Total current liabilities	$ 11,622	$ 7,693

Required:

1-a. Calculate the current ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions (i.e., $5,500,000 should be entered as 5.5).)

1-b. Which company has the better ratio?

	ACME Corporation
	Wayne Enterprises

2-a. Calculate the acid-test (quick) ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions. (i.e., $5,500,000 should be entered as 5.5.))

2-b. Which company has the better ratio?

	ACME Corporation
	Wayne Enterprises