Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are provided as follows: Simon Garfunkel $2.930 $ 660 3,610 992 510 1.380 200 ($ in millions) Current assets Cash and cash equivalents Short-term investments Net receivables Inventory Other current assets Total current assets Current liabilities Accounts payable Short-term debt Other current liabilities Total current liabilities 335 36, 107 $ 4,995 $7,860 1,250 0 59.110 1 . 308 56.635 1-a. Calculate the current ratio for Simon. Then calculate the current ratio for Garfunkel (Round your answers to 2 decimal places.) Current Ratio Simon Garfunkel 1-b. Which of the two companies has the best current ratio? Simon Garfunkel 2-a. Calculate the acid-test (quick) ratio for Simon. Then calculate the acid-test (quick) ratio for Garfunkel (Round your answers to decimal places.) Acidstest (quick) Ratio Simon Garfunkel 2.b. Which of the two companies has the best acid-test ratio? Garfunkel Simon