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 $$416$ $$305$

Current investments $6498$

Net receivables $545226$

Inventory $10,5518,809$

Other current assets $1,316275$

Total current assets $$12,834$ $$10,113$

Current liabilities:

Current debt $$8,821$ $$4,136$

Accounts payable $1,8271,081$

Other current liabilities $1,0142,325$

Total current liabilities $$11,662$ $$7,542$

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?