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8-9A Calculate and analyze ratios (LO8-6) Selected financial data regarding current assets and current liabilities...

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Accounting

8-9A Calculate and analyze ratios (LO8-6) 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 $ 535 $ 145 Current investments 5 519 Net receivables 510 66 Inventory 10,699 7,209 Other current assets 1,378 115 Total current assets $ 13,127 $ 8,054 Current liabilities: Current debt $ 7,221 $ 4,223 Accounts payable 1,667 921 Other current liabilities 1,033 2,582 Total current liabilities $ 9,921 $ 7,726

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