Chapter 08 Homework A Saved 4 Problem 8-9A Calculate and analyze ratios (LO8-6)...
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Chapter 08 Homework A Saved 4 Problem 8-9A Calculate and analyze ratios (LO8-6) 2.5 points Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ACME Corporation Wayne Enterprises $ 533 eBook ($ in millions) Current assets: Cash and cash equivalents Current investments Net receivables Inventory Other current assets Total current assets Current liabilities: Current debt Accounts payable Other current liabilities Total current liabilities 611 10,548 1,273 $12,970 $ 325 530 246 9,009 295 $10,405 Print References $ 9,021 1,847 1,164 $12,032 $ 4,288 1,101 2,415 $ 7,804 Required: 1-a. Calculate the current ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions. For example, $5,500,000 should be entered as 5.5.) Current Ratio ACME Corporation Wayne Enterprises
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