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 $$535$ $$145$

Current investments $5519$

Net receivables $51066$

Inventory $10,6997,209$

Other current assets $1,378115$

Total current assets $$13,127$ $$8,054$

Current liabilities:

Current debt $$7,221$ $$4,223$

Accounts payable $1,667921$

Other current liabilities $1,0332,582$

Total current liabilities $$9,921$ $$7,726$

Required:

$1-$a$.$ Calculate the current ratio for ACME Corporation and Wayne Enterprises.

$1-$b$.$ Which company has the more favorable ratio?

$2-$a$.$ Calculate the acid$-$test $($quick$)$ ratio for ACME Corporation and Wayne Enterprises.

$2-$b$.$ Which company has the more favorable ratio?