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 $$446$ $$315$

Current investments $7543$

Net receivables $853236$

Inventory $10,5398,909$

Other current assets $1,226285$

Total current assets $$13,071$ $$10,288$

Current liabilities:

Current debt $$8,921$ $$4,260$

Accounts payable $1,8371,091$

Other current liabilities $1,1782,526$

Total current liabilities $$11,936$ $$7,877$

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?