Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are provided as follows: Simon Garfunkel $ 2,950 (5 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 $ 680 3.660 982 505 345 $6,172 1,340 205 479 $4,974 $7,210 1,250 0 $8,460 $4,290 1,025 1,306 $6,621 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 Seved Helg LULLARDA Accounts payable Short-term debt Other current liabilities Total current liabilities $7,210 1.250 0 $8,460 $4,290 1,025 1,306 $6,621 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 O Garfunkel 2-a. Calculate the acid-test (quick) ratio for Simon. Then calculate the acid-test (quick) ratio for Garfunkel (Round your answers to 2 decimal places.) Acid-test Iquick Ratio Simon Garfunkel Class MATH Give Me Liberty B Saved Help S. Garfunkel 1-b. Which of the two companies has the best current ratio? Simon O Garfunkel 2-a. Calculate the acid-test (quick) ratio for Simon. Then calculate the acid-test (quick) ratio for Garfunkel (Round your answers to 2 decimal places.) Acid-test (quick Ratio Simon Garfunkel 2-b. Which of the two companies has the best acid-test ratio? Garfunkel Simon