Selected financial data regarding current assets and current liabilities for two competing companies, Simon and Garfunkel, are provided as follows:

($ in millions)	Simon	Garfunkel
Current assets
Cash and cash equivalents	$680	$2,990
Short-term investments	3,620
Net receivables	992	1,340
Inventory	500	206
Other current assets	335	472
Total current assets	$6, 127	$5,008
Current liabilities
Accounts payable	7500	$4, 295
Short-term debt	1240	1,025
Other current liabilities	0	1,301
Total current liabilities	$8, 740	$6,621

Required:

1-a. Calculate the current ratio for Simon. Then calculate the current ratio for Garfunkel.

1. b. Which of the two companies has the best current ratio?
2. a. Calculate the acid-test (quick) ratio for Simon. Then calculate the acid-test (quick) ratio for Garfunkel.

2-b. Which of the two companies has the best acid-test