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 $$372$ $$235$

Current investments $5407$

Net receivables $721156$

Inventory $10,5808,109$

Other current assets $1,266205$

Total current assets $$12,944$ $$9,112$

Current liabilities:

Current debt $$8,121$ $$4,073$

Accounts payable $1,7571,011$

Other current liabilities $1,0012,389$

Total current liabilities $$10,879$ $$7,473$

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?