Question: Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: Wayne Enterprises ($ in millions) Current assets
Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: Wayne Enterprises ($ in millions) Current assets Cash and cash equivalent Current investments Net receivables Inventory Other current assets Total current assets Current liabilities Current debt Accounts payable Other current liabilities Total current liabilities ACME Corporation $ 519 7 618 10,645 1,251 513,040 $ 185 461 106 7.609 155 $8.526 5 7,621 1,707 1,148 $10.496 54,464 961 2,552 07.97 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
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