Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ACME Corporation Wayne Enterprises ($ in millions) Current assets: Cash and cash equivalents Current investments Net receivables Inventory Other current assets Total current assets Current liabilities: Current debt Accounts payable Other current liabilities Total current liabilities $ 549 6 738 10,681 1,207 $13,181 5 335 411 256 9,199 305 $10,416 $ 9, 121 1,857 1,165 $12, 143 $ 4,463 1,111 2,523 $ 8,097 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.) ACME Corporation Wayne Enterprises Current Ratio Total current assets Total current liabilities 0 0 1-b. Which company has the better ratio? O ACME Corporation Wayne Enterprises 1-b. Which company has the better ratio? O ACME Corporation Wayne Enterprises 2-a. Calculate the acid-test (quick) ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions. For example, $5,500,000 should be entered as 5.5.) Acid-Test Ratio ACME Corporation Wayne Enterprises Quick assets Total current liabilities 0 2-b. Which company has the better ratio? O ACME Corporation O Wayne Enterprises