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08-12-2022
Business

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selected financial data regarding current assets and current liabilities for acme corporation and wayne enterprises, are as follows: acme wayne ($ in millions) corporation enterprises current assets: cash and cash equivalents $ 372 $ 235 current investments 5 407 net receivables 721 156 inventory 10,580 8,109 other current assets 1,266 205 total current assets $ 12,944 $ 9,112 current liabilities: current debt $ 8,121 $ 4,073 accounts payable 1,757 1,011 other current liabilities 1,001 2,389 total current liabilities $ 10,879 $ 7,473 required: 1-a. calculate the current ratio for acme corporation and wayne enterprises

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