Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are provided as follows: Sinon Garfunkel $ $2,950 640 3.688 985 Ses ($ in millions) Current assets Cash and cash equivalents Short-term investments Net receivables Inventory Other current assets Total current assets Current liabilities Accounts payable Short-term debt Other current liabilities Total current liabilities 1,390 2e9 479 $5,828 $6,135 $4,285 1,026 $8.610 1,384 $6,615 1-aCalculate 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 Mountain View Resorts purchased equipment at the beginning of 2021 for $50,000. Residual value at the end of an estimated four- year service life is expected to be $6,800. The machine operated for 1.200 hours in the first year and the company expects the machine to operate for a total of 12,000 hours over its four-year life. Calculate depreciation expense for 2021, using each of the following depreciation methods: (1) straight-line, (2) double-declining- balance, and (3) activity-based. (Round your intermediate calculations to 2 decimal places.) Depreciation Expense Straight-line Double-declining balance Activity-based