Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are...
Selected financial data regarding current assets and current liabilities for ACME Corporation and Wayne Enterprises, are as follows: ($ in millions) ACME Corporation Wayne Enterprises Current assets: Cash and cash equivalents $ 503 $ 155 Current investments 7 484 Net receivables 770 76 Inventory 10,622 7,309 Other current assets 1,301 125 Total current assets $ 13,203 $ 8,149 Current liabilities: Current debt $ 7,321 $ 4,270 Accounts payable and accrued liabilities 1,677 931 Other current liabilities 1,182 2,300 Total current liabilities $ 10,180 $ 7,501 Required: 1-a. Calculate the current ratio for ACME Corporation and Wayne Enterprises. (Enter your answers in millions (i.e., $5,500,000 should be entered as 5.5).)
Homework Answers
| Current Ratio | Acme | Wayne | |||||||
| Current Assets | 13203 | 1.30 | 8149 | 1.09 | |||||
| Current Liabilities | 10180 | 7501 |
I have rounded some numbers.
Comment if you face any issues
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