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 det Accounts payable Other current liabilities Total current liabilities $ 416 6 545 10,551 1,316 $12,834 $ 305 498 226 8,809 225 $10,113 $ 8,821 1,827 1,014 $11,662 $ 4,136 1.081 2.325 5 7,542 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.) Current Ratio ACME Corporation Wayne Enterprises crences 1-6. Which company has the better ratio? O ACME Corporation O 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 2-b. Which company has the better ratio? O ACME Corporation O Wayne Enterprises