Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are provided as follows: Simon Garfunkel ($ in millions) Current assets Cash and cash equivalents Short-term investments Net receivables Inventory Other current assets $2,970 0 1,380 $ 670 3,630 991 515 325 $6,131 202 479 Total current assets $5,031 Current liabilities Accounts payable Short-term debt Other current liabilities Total current liabilities $7,200 1,300 0 $8,500 $4, 295 1,027 1,301 $6,623 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 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